Covestro (ETR:1COV) Reaches New 52-Week High at $55.66

Covestro AG (ETR:1COV) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as €55.66 ($60.50) and last traded at €54.64 ($59.39), with a volume of 619562 shares changing hands. The stock had previously closed at €55.32 ($60.13).

Covestro Trading Down 1.2 %

The business has a 50-day moving average price of €50.25 and a two-hundred day moving average price of €49.84. The stock has a market capitalization of $10.31 billion, a P/E ratio of -52.69, a P/E/G ratio of 0.51 and a beta of 1.28. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 51.75.

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.