Covestro (OTCMKTS:COVTY – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($1.67), Zacks reports. Covestro had a negative return on equity of 7.04% and a negative net margin of 3.34%.
Covestro Trading Down 0.6%
Shares of Covestro stock traded down $0.20 during trading hours on Thursday, hitting $34.82. The company’s stock had a trading volume of 2,051 shares, compared to its average volume of 5,672. Covestro has a 1-year low of $29.94 and a 1-year high of $36.60. The business has a fifty day moving average of $35.02 and a 200 day moving average of $34.71. The company has a quick ratio of 0.73, a current ratio of 1.36 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $14.46 billion, a PE ratio of -26.38 and a beta of 0.94.
Covestro Company Profile
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.
Featured Stories
- Five stocks we like better than Covestro
- Gold Ran First – but This Cycle May Belong to Silver
- Read this or regret it forever
- A $1.57 Billion Bet on North American Gold
- Elon Musk already made me a “wealthy man”
- The free stock picks nobody’s talking about
Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.
