Covestro AG (ETR:1COV – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €56.96 ($61.25) and traded as high as €58.94 ($63.38). Covestro shares last traded at €58.94 ($63.38), with a volume of 103,271 shares trading hands.
Covestro Stock Down 1.0 %
The stock has a market cap of $11.01 billion, a price-to-earnings ratio of -33.72, a PEG ratio of 0.51 and a beta of 1.17. 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 business’s fifty day moving average is €57.22 and its two-hundred day moving average is €56.96.
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.
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