COVESTRO AG/S (COVTY) Reaches New 1-Year Low at $22.76
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.
COVESTRO AG/S Company Profile (OTCMKTS:COVTY)
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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