Covestro (ETR:1COV) Trading 0.2% Higher - Should You Buy?

Covestro AG (ETR:1COV - Get Free Report)'s stock price rose 0.2% during mid-day trading on Wednesday . The company traded as high as €56.50 ($57.65) and last traded at €56.30 ($57.45). Approximately 46,863 shares changed hands during trading, a decline of 95% from the average daily volume of 917,794 shares. The stock had previously closed at €56.18 ($57.33).

Covestro Stock Down 0.2 %

The firm has a market capitalization of $10.76 billion, a P/E ratio of -32.95, a P/E/G ratio of 0.51 and a beta of 1.17. The company has a fifty day simple moving average of €56.97 and a 200 day simple moving average of €56.34. The company has a quick ratio of 0.85, a current ratio of 1.71 and a debt-to-equity ratio of 55.84.

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.