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Covestro (OTCMKTS:COVTY) Hits New 52-Week High - What's Next?

Covestro logo with Basic Materials background

Covestro AG (OTCMKTS:COVTY - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.30 and last traded at $34.15, with a volume of 2502 shares. The stock had previously closed at $34.15.

Covestro Trading Up 0.2%

The firm has a fifty day simple moving average of $33.14 and a two-hundred day simple moving average of $31.20. The firm has a market cap of $12.94 billion, a PE ratio of -31.12 and a beta of 1.08.

Covestro (OTCMKTS:COVTY - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.45) earnings per share (EPS) for the quarter. Equities analysts expect that Covestro AG will post 0.03 earnings per share 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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