Covestro (OTCMKTS:COVTY – Get Free Report) will likely be announcing its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of ($0.0815) per share and revenue of $3.4161 billion for the quarter.
Covestro Trading Down 0.7%
Covestro stock opened at $35.21 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.73 and a current ratio of 1.36. The stock has a market cap of $14.62 billion, a PE ratio of -26.67 and a beta of 0.94. The stock has a 50-day moving average of $35.00 and a two-hundred day moving average of $34.70. Covestro has a one year low of $29.94 and a one year high of $36.60.
Analyst Ratings Changes
Separately, Alembic Global Advisors lowered shares of Covestro to a “hold” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
About Covestro
Covestro AG is a leading global manufacturer of high-performance polymer materials. Established in 2015 following its spin-off from Bayer MaterialScience, the company builds on a legacy of innovation dating back to the early 20th century. Covestro develops and produces a wide range of plastics and coatings designed to meet the evolving needs of various industrial sectors.
The company’s core product portfolio includes polyurethanes, polycarbonates and specialty coatings, adhesives, sealants and elastomers.
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