Covestro AG Sponsored ADR (OTCMKTS:COVTY – Get Free Report) rose 1.8% during trading on Wednesday . The stock traded as high as $34.49 and last traded at $34.4850. Approximately 2,698 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 4,301 shares. The stock had previously closed at $33.88.
Covestro Stock Performance
The company has a debt-to-equity ratio of 0.24, a current ratio of 1.53 and a quick ratio of 0.88. The company has a market capitalization of $14.25 billion, a price-to-earnings ratio of -13.57 and a beta of 0.95. The business has a fifty day moving average price of $34.78 and a 200 day moving average price of $34.64.
Covestro (OTCMKTS:COVTY – Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($1.67). The company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.42 billion. Covestro had a negative return on equity of 13.22% and a negative net margin of 6.97%. On average, equities analysts expect that Covestro AG Sponsored ADR will post 0.03 EPS for the current fiscal year.
Covestro Company Profile
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.
See Also
Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.
