Shares of Covestro AG (ETR:1COV – Get Free Report) traded up 0.5% during trading on Wednesday . The stock traded as high as €48.84 ($51.96) and last traded at €48.73 ($51.84). 535,954 shares changed hands during trading, a decline of 42% from the average session volume of 917,794 shares. The stock had previously closed at €48.50 ($51.60).
Covestro Price Performance
The stock has a market capitalization of $9.01 billion, a PE ratio of -45.49, a P/E/G ratio of 0.51 and a beta of 1.27. The company has a quick ratio of 0.85, a current ratio of 1.79 and a debt-to-equity ratio of 51.25. The stock’s 50-day moving average is €49.61 and its 200 day moving average is €49.47.
About Covestro
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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