Covestro (ETR:1COV) Shares Down 0.5% – Here’s Why

Covestro AG (ETR:1COV)’s share price dropped 0.5% during mid-day trading on Wednesday . The stock traded as low as €55.78 ($57.51) and last traded at €55.78 ($57.51). Approximately 114,408 shares were traded during trading, a decline of 88% from the average daily volume of 917,794 shares. The stock had previously closed at €56.04 ($57.77).

Covestro Stock Down 0.5 %

The company has a current ratio of 1.71, a quick ratio of 0.85 and a debt-to-equity ratio of 55.84. The firm has a market cap of $10.53 billion, a PE ratio of -32.24, a P/E/G ratio of 0.51 and a beta of 1.17. The business’s 50-day simple moving average is €57.41 and its 200 day simple moving average is €56.10.

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.