Covestro (OTCMKTS:COVTY) Sets New 1-Year High – What’s Next?

Covestro AG Sponsored ADR (OTCMKTS:COVTY)’s stock price reached a new 52-week high on Monday . The stock traded as high as $35.14 and last traded at $34.89, with a volume of 840 shares changing hands. The stock had previously closed at $34.38.

Covestro Stock Performance

The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $33.65 and its two-hundred day moving average is $31.53. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of -31.62 and a beta of 1.04.

Covestro (OTCMKTS:COVTY) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.45) earnings per share for the quarter. Covestro had a negative return on equity of 5.84% and a negative net margin of 2.74%. On average, analysts predict that Covestro AG Sponsored ADR will post 0.03 earnings per share for the current year.

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.