Covestro (OTCMKTS:COVTY) Issues Earnings Results

Key Points

• Covestro reported a quarterly earnings loss of ($0.18) per share, highlighting a negative return on equity of 5.68% and a net margin of 2.68%.
• During trading, Covestro's stock price rose $0.52 to reach $34.80, with a market capitalization of $13.15 billion.
• The company's debt-to-equity ratio stands at 0.30, indicating a relatively low level of debt compared to its equity.

Covestro (OTCMKTS:COVTY - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, Zacks reports. Covestro had a negative return on equity of 5.68% and a negative net margin of 2.68%.

Covestro Price Performance

COVTY traded up $0.52 during trading on Friday, reaching $34.80. 2,998 shares of the company were exchanged, compared to its average volume of 4,132. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.30. Covestro has a 12-month low of $28.48 and a 12-month high of $35.97. The company's 50-day moving average is $34.83 and its two-hundred day moving average is $32.69. The company has a market cap of $13.15 billion, a price-to-earnings ratio of -32.22 and a beta of 1.04.

About Covestro

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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