Covestro (OTCMKTS:COVTY) Sets New 12-Month High - What's Next?

Covestro AG (OTCMKTS:COVTY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $33.83 and last traded at $33.25, with a volume of 4756 shares changing hands. The stock had previously closed at $33.35.

Covestro Trading Up 0.3 %

The stock has a market cap of $12.63 billion, a price-to-earnings ratio of -44.53 and a beta of 1.05. The stock's 50-day simple moving average is $31.77 and its 200-day simple moving average is $30.74.

Covestro (OTCMKTS:COVTY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.30). The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.95 billion. On average, equities research analysts forecast that Covestro AG will post 0.03 earnings per share for the current year.

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.