Covestro AG (ETR:1COV – Get Free Report)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of €57.90 ($60.95) and traded as high as €57.98 ($61.03). Covestro shares last traded at €57.20 ($60.21), with a volume of 357,070 shares changing hands.
Covestro Stock Down 1.2 %
The company has a debt-to-equity ratio of 55.84, a current ratio of 1.71 and a quick ratio of 0.85. The firm has a market cap of $10.67 billion, a P/E ratio of -33.06, a PEG ratio of 0.51 and a beta of 1.17. The firm’s 50-day moving average price is €57.90 and its 200 day moving average price is €55.30.
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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