Covestro (OTCMKTS:COVTY) Reaches New 52-Week High - Time to Buy?

Covestro AG Sponsored ADR (OTCMKTS:COVTY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $35.93 and last traded at $35.93, with a volume of 575 shares changing hands. The stock had previously closed at $35.28.

Covestro Trading Up 0.5%

The company has a current ratio of 1.32, a quick ratio of 0.71 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $13.55 billion, a P/E ratio of -32.59 and a beta of 1.04. The company has a 50-day moving average price of $34.00 and a 200 day moving average price of $31.79.

Covestro (OTCMKTS:COVTY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.45) EPS for the quarter. Covestro had a negative net margin of 2.74% and a negative return on equity of 5.84%. On average, research analysts forecast that Covestro AG Sponsored ADR will post 0.03 earnings per share for the current fiscal year.

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.