Shares of Covestro AG Sponsored ADR (OTCMKTS:COVTY – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 7,421 shares were traded during trading, an increase of 88% from the previous session’s volume of 3,956 shares.The stock last traded at $33.27 and had previously closed at $33.19.
Covestro Stock Up 1.7%
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 stock has a market capitalization of $14.02 billion, a PE ratio of -13.35 and a beta of 0.90. The company has a 50 day moving average price of $34.31 and a 200-day moving average price of $34.55.
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.
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