Covestro AG Sponsored ADR (OTCMKTS:COVTY – Get Free Report)’s share price gapped up prior to trading on Friday. The stock had previously closed at $33.6096, but opened at $34.94. Covestro shares last traded at $34.94, with a volume of 203 shares trading hands.
Covestro Price Performance
The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $34.26 and its 200 day moving average is $34.17. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of -13.81 and a beta of 0.91.
About Covestro
Covestro AG is a Germany-based manufacturer of high-performance polymer materials. Headquartered in Leverkusen, the company develops and produces chemical materials used in industries such as automotive, construction, electronics, healthcare, furnishings and sports equipment.
Its product portfolio includes polycarbonates, polyurethane raw materials such as methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI), engineering plastics, coatings and adhesives materials, films, elastomers and specialty chemicals.
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