Covestro AG Sponsored ADR (OTCMKTS:COVTY - Get Free Report) shares traded up 2.8% during trading on Monday . The company traded as high as $35.15 and last traded at $34.68. 2,446 shares changed hands during trading, a decline of 29% from the average session volume of 3,469 shares. The stock had previously closed at $33.75.
Covestro Stock Performance
The stock has a market cap of $14.40 billion, a P/E ratio of -13.71 and a beta of 0.91. The business has a 50 day moving average price of $34.39 and a 200 day moving average price of $34.67. The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt-to-equity ratio of 0.24.
Covestro (OTCMKTS:COVTY - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported ($1.75) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($1.67). The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.42 billion. Covestro had a negative net margin of 6.97% and a negative return on equity of 13.22%.
Covestro Company Profile
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Covestro AG is a leading global manufacturer of high-performance polymer materials. Established in 2015 following its spin-off from Bayer MaterialScience, the company builds on a legacy of innovation dating back to the early 20th century. Covestro develops and produces a wide range of plastics and coatings designed to meet the evolving needs of various industrial sectors.
The company's core product portfolio includes polyurethanes, polycarbonates and specialty coatings, adhesives, sealants and elastomers.
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