Covestro (ETR:1COV) Shares Up 0.5%

Covestro AG (ETR:1COV)’s stock price shot up 0.5% during mid-day trading on Wednesday . The company traded as high as €48.84 ($51.96) and last traded at €48.73 ($51.84). 535,954 shares were traded during mid-day trading, a decline of 42% from the average session volume of 917,794 shares. The stock had previously closed at €48.50 ($51.60).

Covestro Trading Up 0.5 %

The company has a current ratio of 1.79, a quick ratio of 0.85 and a debt-to-equity ratio of 51.25. The stock has a market capitalization of $9.20 billion, a P/E ratio of -46.41, a price-to-earnings-growth ratio of 0.51 and a beta of 1.27. The company has a 50-day moving average price of €49.64 and a 200 day moving average price of €49.49.

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.