Shares of Covestro AG (ETR:1COV – Get Free Report) shot up 0.4% during trading on Thursday . The company traded as high as €58.90 ($61.35) and last traded at €58.74 ($61.19). 89,520 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 917,794 shares. The stock had previously closed at €58.50 ($60.94).
Covestro Price Performance
The stock has a 50-day simple moving average of €57.02 and a 200 day simple moving average of €56.65. The company has a debt-to-equity ratio of 55.84, a quick ratio of 0.85 and a current ratio of 1.71. The company has a market cap of $11.08 billion, a P/E ratio of -33.93, a P/E/G ratio of 0.51 and a beta of 1.17.
Covestro Company Profile
Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications.
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