Covestro (ETR:1COV) Trading Up 0.1% - Should You Buy?

Key Points

• Covestro AG saw a stock price increase of 0.1% with the last trading price at €60.46 ($70.30), amidst a significant drop in trading volume by 99% compared to its average.
• The firm has a market capitalization of $11.40 billion and a notable debt-to-equity ratio of 55.84, which may indicate higher financial leverage.
• Covestro operates in two segments, supplying high-tech polymer materials for various industries, including furniture and automotive, emphasizing its diverse application solutions.

Covestro AG (ETR:1COV - )'s stock price was up 0.1% during mid-day trading on Monday . The stock traded as high as €60.66 ($70.53) and last traded at €60.46 ($70.30). Approximately 13,172 shares traded hands during trading, a decline of 99% from the average daily volume of 917,794 shares. The stock had previously closed at €60.38 ($70.21).

Covestro Stock Down 0.1%

The firm has a market cap of $11.40 billion, a price-to-earnings ratio of -34.92, a P/E/G ratio of 0.51 and a beta of 1.17. The company has a current ratio of 1.71, a quick ratio of 0.85 and a debt-to-equity ratio of 55.84. The firm has a 50 day moving average price of €60.29 and a 200-day moving average price of €59.07.

Covestro Company Profile

Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications.

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