Covestro (OTCMKTS:COVTY) Sees Large Volume Increase - Time to Buy?

Key Points

• Covestro AG experienced a significant increase in trading volume, with 16,124 shares traded, marking a 129% rise compared to the previous session.
• The stock is currently priced at $34.98, with a market capitalization of $13.27 billion and a negative P/E ratio of -32.51.
• In its latest quarterly earnings, Covestro reported a loss of ($0.18) EPS and a negative net margin of 2.68%, with analysts expecting only a small profit of 0.03 EPS for the current fiscal year.

Covestro AG Sponsored ADR (OTCMKTS:COVTY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 16,124 shares traded hands during trading, an increase of 129% from the previous session's volume of 7,026 shares.The stock last traded at $34.98 and had previously closed at $35.75.

Covestro Trading Down 1.8%

The stock has a market capitalization of $13.27 billion, a P/E ratio of -32.51 and a beta of 0.99. The firm's 50 day moving average price is $34.51 and its 200 day moving average price is $34.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.32 and a quick ratio of 0.71.

Covestro (OTCMKTS:COVTY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.18) EPS for the quarter. Covestro had a negative net margin of 2.68% and a negative return on equity of 5.68%. As a group, equities research analysts expect that Covestro AG Sponsored ADR will post 0.03 earnings per share for the current fiscal year.

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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