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 changing hands.
Covestro Price Performance
The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of -13.81 and a beta of 0.91. The company’s 50-day simple moving average is $34.26 and its 200-day simple moving average is $34.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.53 and a quick ratio of 0.88.
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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