Covestro (OTCMKTS:COVTY) Releases Earnings Results, Misses Estimates By $0.30 EPS

Covestro (OTCMKTS:COVTY) released its quarterly earnings results on Wednesday. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30), Zacks reports.

Covestro Stock Up 0.5 %

OTCMKTS:COVTY traded up $0.15 on Wednesday, hitting $30.81. The stock had a trading volume of 12,029 shares, compared to its average volume of 10,434. The business’s 50-day simple moving average is $29.58 and its two-hundred day simple moving average is $30.33. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of -41.64 and a beta of 1.17. Covestro has a 52-week low of $24.12 and a 52-week high of $32.60.

Covestro Company Profile

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.