Covestro AG (ETR:1COV - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of €57.90 ($59.69) and traded as high as €57.98 ($59.77). Covestro shares last traded at €57.20 ($58.97), with a volume of 357,070 shares changing hands.
Covestro Price 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 company's 50 day moving average is €57.88 and its 200 day moving average is €55.36. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of -32.68, a PEG ratio of 0.51 and a beta of 1.17.
Covestro Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Covestro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Covestro wasn't on the list.
While Covestro currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
