Covestro (ETR:1COV) Shares Down 0.5% – What’s Next?

Covestro AG (ETR:1COV)’s stock price dropped 0.5% 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 Performance

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

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.