Covestro (OTCMKTS:COVTY) Issues Earnings Results

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

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.