Covestro (ETR:1COV) Shares Up 0.1% – Still a Buy?

Covestro AG (ETR:1COV)’s share price shot up 0.1% during mid-day trading on Monday . The stock traded as high as €57.66 ($61.34) and last traded at €57.52 ($61.19). 636,217 shares traded hands during trading, a decline of 31% from the average session volume of 917,794 shares. The stock had previously closed at €57.48 ($61.15).

Covestro Stock Performance

The company has a market cap of $10.76 billion, a P/E ratio of -32.95, a P/E/G ratio of 0.51 and a beta of 1.17. The company has a debt-to-equity ratio of 55.84, a current ratio of 1.71 and a quick ratio of 0.85. The business has a 50-day moving average of €57.03 and a two-hundred day moving average of €53.76.

About Covestro

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.