Covestro (OTC:COVTY) Trading 0.4% Higher - Time to Buy?

Shares of Covestro AG Sponsored ADR (OTC:COVTY - Get Free Report) rose 0.4% on Tuesday . The stock traded as high as $32.02 and last traded at $31.93. Approximately 3,152 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 9,373 shares. The stock had previously closed at $31.81.

Covestro Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.68. The firm's fifty day moving average is $29.87. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of -43.14 and a beta of 1.17.

Covestro Company Profile

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.

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