Covestro (OTCMKTS:COVTY) Announces Earnings Results

Covestro (OTCMKTS:COVTY) posted its quarterly earnings results on Wednesday. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30), Zacks reports.

Covestro Stock Performance

Shares of Covestro stock traded up $0.15 on Wednesday, hitting $30.81. The company’s stock had a trading volume of 12,029 shares, compared to its average volume of 10,434. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of -41.64 and a beta of 1.17. The firm has a fifty day moving average price of $29.58 and a 200-day moving average price of $30.33. Covestro has a 1 year low of $24.12 and a 1 year high of $32.60.

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.