Covestro (ETR:1COV) Trading 0.2% Higher – Here’s What Happened

Covestro AG (ETR:1COV)’s stock price shot up 0.2% on Monday . The stock traded as high as €57.72 ($60.76) and last traded at €57.72 ($60.76). 296,642 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 917,794 shares. The stock had previously closed at €57.58 ($60.61).

Covestro Stock Up 0.2 %

The company’s fifty day simple moving average is €57.56 and its 200 day simple moving average is €54.66. The company has a quick ratio of 0.85, a current ratio of 1.71 and a debt-to-equity ratio of 55.84. The firm has a market capitalization of $10.89 billion, a PE ratio of -33.36, a price-to-earnings-growth 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.