Covestro AG Sponsored ADR (OTCMKTS:COVTY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $33.49, but opened at $34.42. Covestro shares last traded at $33.55, with a volume of 2,964 shares trading hands.
Covestro Stock Performance
The company has a market capitalization of $14.01 billion, a PE ratio of -13.33 and a beta of 0.95. The business’s 50-day moving average is $34.72 and its 200-day moving average is $34.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 1.53.
Covestro (OTCMKTS:COVTY – Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($1.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($1.67). Covestro had a negative net margin of 6.97% and a negative return on equity of 13.22%. The business had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.42 billion. On average, research analysts anticipate that Covestro AG Sponsored ADR will post 0.03 earnings per share for the current 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.
Further Reading
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