Covestro (OTCMKTS:COVTY) Sets New 1-Year High - Here's Why

Covestro AG Sponsored ADR (OTCMKTS:COVTY - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $35.14 and last traded at $34.89, with a volume of 840 shares traded. The stock had previously closed at $34.38.

Covestro Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.71 and a current ratio of 1.32. The business has a 50-day moving average price of $33.81 and a 200 day moving average price of $31.64. The stock has a market capitalization of $13.38 billion, a P/E ratio of -32.17 and a beta of 1.04.

Covestro (OTCMKTS:COVTY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.45) EPS for the quarter. Covestro had a negative return on equity of 5.84% and a negative net margin of 2.74%. As a group, sell-side analysts forecast that Covestro AG Sponsored ADR will post 0.03 EPS 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.