Covestro (ETR:1COV) Sets New 1-Year High at $56.90

Covestro AG (ETR:1COV - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as €56.90 ($63.22) and last traded at €55.50 ($61.67), with a volume of 1660204 shares changing hands. The stock had previously closed at €53.84 ($59.82).Covestro Stock PerformanceThe company has a quick ratio of 0.85, a current ratio of 1.71 and a debt-to-equity ratio of 55.84. The firm has a 50-day moving average of €54.10 and a 200 day moving average of €50.94. The stock has a market capitalization of $10.48 billion, a P/E ratio of -31.12, a PEG ratio of 0.51 and a beta of 1.18. About Covestro (Get Free Report)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.Featured ArticlesFive stocks we like better than CovestroWhat Does Downgrade Mean in Investing?BHP Stock: The Under-the-Radar Growth Story in CommoditiesEarnings Per Share Calculator: How to Calculate EPSAnalysts Upgrade These 3 Hot Buy-and-Hold StocksWhat is Put Option Volume?Kohl’s Charts a Resilient Path in a Challenging Retail LandscapeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ 917 Trades… Zero Losses? (From Insiders Exposed) (Ad)Should you invest $1,000 in Covestro right now?Before you consider Covestro, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Covestro wasn't on the list.While Covestro currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here