Covestro (ETR:1COV) Stock Price Up 0.2% – Should You Buy?

Covestro AG (ETR:1COVGet Free Report) rose 0.2% on Wednesday . The stock traded as high as €56.50 ($58.85) and last traded at €56.30 ($58.65). Approximately 46,863 shares were traded during trading, a decline of 95% from the average daily volume of 917,794 shares. The stock had previously closed at €56.18 ($58.52).

Covestro Stock Up 0.2 %

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 firm has a market cap of $10.63 billion, a price-to-earnings ratio of -32.54, a price-to-earnings-growth ratio of 0.51 and a beta of 1.17. The firm has a 50-day moving average price of €56.97 and a two-hundred day moving average price of €56.30.

Covestro Company Profile

(Get Free Report)

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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