Covestro (OTCMKTS:COVTY) Hits New 1-Year High - Still a Buy?

Covestro AG (OTCMKTS:COVTY - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $33.83 and last traded at $33.25, with a volume of 4756 shares traded. The stock had previously closed at $33.35.

Covestro Price Performance

The company has a market cap of $12.66 billion, a price-to-earnings ratio of -44.65 and a beta of 1.05. The firm has a 50 day simple moving average of $31.83 and a 200-day simple moving average of $30.74.

Covestro (OTCMKTS:COVTY - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.30). The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.95 billion. Research analysts anticipate that Covestro AG will post 0.03 EPS for the current fiscal year.

Covestro Company Profile

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.