Covestro (OTCMKTS:COVTY) Issues Earnings Results

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

Covestro Stock Down 0.7 %

COVTY stock opened at $30.59 on Thursday. Covestro has a 52 week low of $24.12 and a 52 week high of $32.60. The firm has a market capitalization of $11.56 billion, a P/E ratio of -41.34 and a beta of 1.17. The company has a fifty day simple moving average of $29.61 and a two-hundred day simple moving average of $30.33.

About Covestro

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.