Covestro (OTCMKTS:COVTY – Get Free Report) issued its earnings results on Thursday. The company reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($1.67), Zacks reports. Covestro had a negative return on equity of 7.04% and a negative net margin of 3.34%.
Covestro Trading Up 0.6%
Shares of Covestro stock traded up $0.22 during trading on Thursday, reaching $35.24. The company’s stock had a trading volume of 1,922 shares, compared to its average volume of 5,672. The company has a quick ratio of 0.73, a current ratio of 1.36 and a debt-to-equity ratio of 0.34. Covestro has a 52-week low of $29.94 and a 52-week high of $36.60. The firm’s 50-day moving average is $35.02 and its two-hundred day moving average is $34.71. The company has a market cap of $14.63 billion, a price-to-earnings ratio of -26.70 and a beta of 0.94.
About Covestro
Covestro AG is a leading global manufacturer of high-performance polymer materials. Established in 2015 following its spin-off from Bayer MaterialScience, the company builds on a legacy of innovation dating back to the early 20th century. Covestro develops and produces a wide range of plastics and coatings designed to meet the evolving needs of various industrial sectors.
The company’s core product portfolio includes polyurethanes, polycarbonates and specialty coatings, adhesives, sealants and elastomers.
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