Shares of Covestro AG Sponsored ADR (OTCMKTS:COVTY – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $33.3044, but opened at $34.92. Covestro shares last traded at $34.92, with a volume of 300 shares traded.
Covestro Stock Performance
The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of -13.80 and a beta of 0.91. The company has a 50 day moving average price of $33.96 and a 200 day moving average price of $34.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 1.53.
About Covestro
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
- Five stocks we like better than Covestro
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
- Otis Took Another Guidance Cut—But the Story Isn’t Over
- Is Buying a Launch Company AST SpaceMobile’s Next Vertical Integration Move?
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.
