Covestro (OTCMKTS:COVTY) Shares Down 0.9%

Covestro AG (OTCMKTS:COVTY) traded down 0.9% during trading on Thursday . The stock traded as low as $25.57 and last traded at $25.67. 120,114 shares changed hands during mid-day trading, an increase of 181% from the average session volume of 42,684 shares. The stock had previously closed at $25.90.

Covestro Price Performance

The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average is $26.56 and its 200 day moving average is $26.80.

Covestro (OTCMKTS:COVTY) last released its quarterly earnings data on Tuesday, April 30th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $3.81 billion during the quarter. Covestro had a negative net margin of 5.81% and a negative return on equity of 8.62%. Equities research analysts expect that Covestro AG will post 0.35 EPS for the current fiscal year.

About Covestro

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.