Covestro (ETR:1COV) Shares Down 0.2% – What’s Next?

Covestro AG (ETR:1COV) was down 0.2% during mid-day trading on Wednesday. The company traded as low as €60.10 and last traded at €60.10. Approximately 1,273 shares changed hands during trading, a decline of 100% from the average daily volume of 917,794 shares. The stock had previously closed at €60.20.

Covestro Trading Up 0.5%

The company has a current ratio of 1.71, a quick ratio of 0.85 and a debt-to-equity ratio of 55.84. The firm has a market capitalization of $11.40 billion, a P/E ratio of -34.91, a PEG ratio of 0.51 and a beta of 1.17. The business has a 50 day moving average of €60.10 and a 200-day moving average of €60.02.

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.