--- title: "Covestro (ETR:1COV) Sets New 1-Year High at $56.90" description: "Covestro AG shares reached a new 52-week high of €56.90 during trading, with the last traded price at €55.50. The stock saw a volume of 1.66 million shares changing hands. The company has a market cap" type: "news" locale: "en" url: "https://longbridge.com/en/news/212856247.md" published_at: "2024-08-29T03:44:13.000Z" --- # Covestro (ETR:1COV) Sets New 1-Year High at $56.90 > Covestro AG shares reached a new 52-week high of €56.90 during trading, with the last traded price at €55.50. The stock saw a volume of 1.66 million shares changing hands. The company has a market cap of €19.48 billion and key financial ratios include a quick ratio of 0.85 and a P/E ratio of -31.12. Covestro specializes in high-tech polymer materials across two segments: Performance Materials and Solutions & Specialties. 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 Performance The 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 Articles - Five stocks we like better than Covestro - What Does Downgrade Mean in Investing? - BHP Stock: The Under-the-Radar Growth Story in Commodities - Earnings Per Share Calculator: How to Calculate EPS - Analysts Upgrade These 3 Hot Buy-and-Hold Stocks - What is Put Option Volume? - Kohl’s Charts a Resilient Path in a Challenging Retail Landscape *This 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. 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