Covestro (ETR:1COV) Shares Down 0.5% – What’s Next?

Covestro AG (ETR:1COV)’s share price dropped 0.5% during mid-day trading on Wednesday . The company traded as low as €55.78 ($56.92) and last traded at €55.78 ($56.92). Approximately 114,408 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 917,794 shares. The stock had previously closed at €56.04 ($57.18).

Covestro Price Performance

The company has a quick ratio of 0.85, a current ratio of 1.71 and a debt-to-equity ratio of 55.84. The company’s 50 day moving average is €57.32 and its 200 day moving average is €56.10. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of -32.54, a P/E/G ratio of 0.51 and a beta of 1.17.

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.