Covestro (OTCMKTS:COVTY) Hits New 1-Year High - Time to Buy?

Covestro AG Sponsored ADR (OTCMKTS:COVTY - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $35.14 and last traded at $34.89, with a volume of 840 shares changing hands. The stock had previously closed at $34.38.

Covestro Stock Performance

The company has a market cap of $13.43 billion, a P/E ratio of -32.30 and a beta of 1.04. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average price of $33.73 and a two-hundred day moving average price of $31.59.

Covestro (OTCMKTS:COVTY - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.45) earnings per share for the quarter. Covestro had a negative return on equity of 5.84% and a negative net margin of 2.74%. On average, research analysts predict 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.