Covestro (OTCMKTS:COVTY) Trading Up 0.2% - Time to Buy?

Key Points

• Covestro AG shares experienced a slight increase of 0.2%, trading at $32.51 with a market capitalization of $12.29 billion.
• The company reported a quarterly earnings loss of ($0.18) per share, showing a negative return on equity and net margin.
• Analysts predict Covestro will post an earnings per share of 0.03 for the current year, indicating a potential shift in performance.

Shares of Covestro AG Sponsored ADR (OTCMKTS:COVTY - Get Free Report) were up 0.2% during trading on Monday . The company traded as high as $32.72 and last traded at $32.51. Approximately 5,077 shares traded hands during trading, a decline of 32% from the average daily volume of 7,503 shares. The stock had previously closed at $32.45.

Covestro Trading Up 0.2%

The firm has a market capitalization of $12.29 billion, a PE ratio of -30.10 and a beta of 0.97. The stock's fifty day simple moving average is $35.02 and its 200 day simple moving average is $33.65. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.30.

Covestro (OTCMKTS:COVTY - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.18) earnings per share for the quarter. Covestro had a negative return on equity of 5.68% and a negative net margin of 2.68%. On average, sell-side analysts predict that Covestro AG Sponsored ADR will post 0.03 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.