Covestro (OTCMKTS:COVTY) Trading 0.1% Higher - What's Next?

Key Points

• Covestro AG shares increased by 0.1% during trading, closing at $34.01 after hitting a high of $34.59.
• The company reported a quarterly EPS of (-$0.18) with analysts forecasting an EPS of $0.03 for the current fiscal year.
• Covestro operates in two segments: Performance Materials and Solutions & Specialties, supplying high-tech polymer materials for various industries.

Covestro AG Sponsored ADR (OTCMKTS:COVTY - Get Free Report)'s share price shot up 0.1% during trading on Tuesday . The company traded as high as $34.59 and last traded at $34.01. 25,812 shares were traded during trading, an increase of 50% from the average session volume of 17,228 shares. The stock had previously closed at $33.97.

Covestro Stock Up 0.1%

The stock has a fifty day moving average of $34.48 and a 200 day moving average of $33.92. The firm has a market capitalization of $12.86 billion, a P/E ratio of -31.49 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.32 and a quick ratio of 0.71.

Covestro (OTCMKTS:COVTY - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported ($0.18) EPS for the quarter. Covestro had a negative return on equity of 5.68% and a negative net margin of 2.68%. On average, research analysts anticipate that Covestro AG Sponsored ADR 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.

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