Covestro (OTCMKTS:COVTY) Shares Up 0.2% - Here's Why

Covestro AG (OTCMKTS:COVTY - Get Free Report)'s share price rose 0.2% during trading on Wednesday . The stock traded as high as $30.58 and last traded at $30.56. Approximately 4,550 shares traded hands during trading, a decline of 58% from the average daily volume of 10,873 shares. The stock had previously closed at $30.48.

Covestro Stock Down 0.7 %

The company has a market cap of $11.55 billion, a PE ratio of -41.30 and a beta of 1.17. The firm has a 50 day simple moving average of $29.54 and a 200-day simple moving average of $30.29.

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.