Free Trial

Covestro (OTCMKTS:COVTY) Issues Earnings Results

Covestro logo with Basic Materials background

Covestro (OTCMKTS:COVTY - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.45) EPS for the quarter, Zacks reports.

Covestro Price Performance

COVTY traded up $0.14 during trading on Friday, reaching $33.45. 2,569 shares of the stock traded hands, compared to its average volume of 7,019. The stock's 50-day simple moving average is $32.35 and its two-hundred day simple moving average is $30.84. Covestro has a fifty-two week low of $25.45 and a fifty-two week high of $33.83. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of -30.41 and a beta of 1.08.

Covestro Company Profile

(Get Free Report)

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.

Read More

Earnings History for Covestro (OTCMKTS:COVTY)

Should You Invest $1,000 in Covestro Right Now?

Before you consider Covestro, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Covestro wasn't on the list.

While Covestro currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines