Covestro AG Sponsored ADR (OTCMKTS:COVTY – Get Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $33.20, but opened at $34.33. Covestro shares last traded at $34.33, with a volume of 348 shares changing hands.
Covestro Price Performance
The firm has a fifty day moving average of $34.04 and a 200 day moving average of $34.45. The company has a current ratio of 1.53, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $14.26 billion, a P/E ratio of -13.57 and a beta of 0.91.
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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