Covestro AG Sponsored ADR (OTCMKTS:COVTY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $32.93, but opened at $34.88. Covestro shares last traded at $33.5424, with a volume of 632 shares changing hands.
Covestro Stock Performance
The company has a market cap of $14.13 billion, a PE ratio of -13.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 1.53. The firm’s 50 day moving average is $34.27 and its 200-day moving average is $34.54.
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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