Covestro AG (ETR:1COV – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as €55.34 ($60.15) and last traded at €55.44 ($60.26), with a volume of 563779 shares changing hands. The stock had previously closed at €55.00 ($59.78).
Covestro Stock Performance
The stock has a market cap of $10.31 billion, a P/E ratio of -52.04, a PEG ratio of 0.51 and a beta of 1.28. The company has a debt-to-equity ratio of 51.75, a current ratio of 1.78 and a quick ratio of 0.85. The firm’s 50-day moving average price is €51.89 and its 200-day moving average price is €50.06.
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.
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