Covestro (OTCMKTS:COVTY) Shares Gap Up – Here’s What Happened

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 $33.20, but opened at $34.33. Covestro shares last traded at $34.33, with a volume of 348 shares traded.

Covestro Stock Up 3.4%

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.53 and a quick ratio of 0.88. The stock has a 50 day simple moving average of $34.04 and a 200-day simple moving average of $34.45. The firm has a market cap of $14.26 billion, a PE ratio of -13.57 and a beta of 0.91.

About Covestro

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Covestro AG is a leading global manufacturer of high-performance polymer materials. Established in 2015 following its spin-off from Bayer MaterialScience, the company builds on a legacy of innovation dating back to the early 20th century. Covestro develops and produces a wide range of plastics and coatings designed to meet the evolving needs of various industrial sectors.

The company’s core product portfolio includes polyurethanes, polycarbonates and specialty coatings, adhesives, sealants and elastomers.

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