Covestro AG Sponsored ADR (OTC:COVTY - Get Free Report) dropped 0% during mid-day trading on Wednesday . The stock traded as low as $33.90 and last traded at $34.15. Approximately 2,502 shares changed hands during trading, a decline of 60% from the average daily volume of 6,222 shares. The stock had previously closed at $34.15.
Covestro Trading Up 0.2%
The firm has a market capitalization of $12.94 billion, a PE ratio of -46.26 and a beta of 1.04. The business has a 50 day moving average price of $33.09 and a 200-day moving average price of $31.17. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40.
Covestro Company Profile
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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.
Further Reading
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