Covestro (OTC:COVTY) Shares Down 0.1% - Time to Sell?

Covestro AG Sponsored ADR (OTC:COVTY - Get Free Report) traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as $33.21 and last traded at $33.22. 3,089 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 7,432 shares. The stock had previously closed at $33.27.

Covestro Stock Up 0.3 %

The firm has a 50 day moving average price of $32.06 and a 200-day moving average price of $30.77. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40. The firm has a market cap of $12.24 billion, a PE ratio of -43.76 and a beta of 1.05.

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.