COVESTRO AG/S (OTCMKTS:COVTY) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $22.76 and last traded at $22.90, with a volume of 4734 shares changing hands. The stock had previously closed at $24.31.

COVTY has been the topic of several research reports. Barclays upgraded shares of COVESTRO AG/S from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. HSBC lowered shares of COVESTRO AG/S from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Finally, Zacks Investment Research lowered shares of COVESTRO AG/S from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 6th.

The firm has a market cap of $8.82 billion and a P/E ratio of 3.86.

The firm also recently declared an annual dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were issued a $0.971 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a yield of 3.31%.

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Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.

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