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Covestro (OTCMKTS:COVTY) Reaches New 12-Month High - Still a Buy?

Covestro logo with Basic Materials background

Shares of Covestro AG (OTCMKTS:COVTY - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $34.41 and last traded at $34.25, with a volume of 2163 shares. The stock had previously closed at $34.06.

Covestro Trading Down 0.0%

The company's 50-day moving average is $33.24 and its two-hundred day moving average is $31.27. The stock has a market capitalization of $12.94 billion, a P/E ratio of -31.13 and a beta of 1.04.

Covestro (OTCMKTS:COVTY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.45) earnings per share (EPS) for the quarter. Sell-side analysts expect that Covestro AG will post 0.03 EPS for the current fiscal year.

About Covestro

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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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