Covestro (ETR:1COV) Trading Down 0.2% – Time to Sell?

by · The Cerbat Gem

Shares of Covestro AG (ETR:1COV – Get Free Report) fell 0.2% on Wednesday . The company traded as low as €59.12 and last traded at €59.40. 15,902 shares changed hands during trading, a decline of 98% from the average session volume of 917,794 shares. The stock had previously closed at €59.50.

Covestro Trading Down 0.2%

The company has a quick ratio of 0.85, a current ratio of 1.71 and a debt-to-equity ratio of 55.84. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of -34.34, a P/E/G ratio of 0.51 and a beta of 1.17. The business has a 50-day moving average of €59.48 and a two-hundred day moving average of €59.54.

About Covestro

(Get Free Report)

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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