Covestro (OTCMKTS:COVTY) Shares Gap Down – Here’s Why

Posted by Donna Armstrong on Mar 13th, 2026

Shares of Covestro AG Sponsored ADR (OTCMKTS:COVTY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $35.09, but opened at $33.1460. Covestro shares last traded at $33.7825, with a volume of 579 shares.

Covestro Stock Up 0.3%

The firm has a market capitalization of $14.23 billion, a P/E ratio of -13.54 and a beta of 0.93. 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 50 day moving average of $35.06 and a 200-day moving average of $34.69.

Covestro (OTCMKTS:COVTY – Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported ($1.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($1.67). The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.42 billion. Covestro had a negative return on equity of 13.68% and a negative net margin of 6.97%. Research analysts predict that Covestro AG Sponsored ADR will post 0.03 earnings per share for the current fiscal year.

About Covestro

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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.