Covestro (ETR:1COV) Trading Up 0.4% - Here's What Happened

Covestro AG (ETR:1COV - Get Free Report) shares were up 0.4% on Thursday . The stock traded as high as €58.90 ($61.35) and last traded at €58.74 ($61.19). Approximately 89,520 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 917,794 shares. The stock had previously closed at €58.50 ($60.94).

Covestro Stock Performance

The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of -33.93, a P/E/G ratio of 0.51 and a beta of 1.17. The company has a quick ratio of 0.85, a current ratio of 1.71 and a debt-to-equity ratio of 55.84. The company's 50 day simple moving average is €57.02 and its two-hundred day simple moving average is €56.65.

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.