Orbia Advance (OTCMKTS:MXCHY) Shares Gap Down – Should You Sell?

Shares of Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) gapped down prior to trading on Friday . The stock had previously closed at $1.8050, but opened at $1.58. Orbia Advance shares last traded at $1.58, with a volume of 650 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Santander raised shares of Orbia Advance to an “outperform” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Orbia Advance Stock Performance

The stock’s fifty day simple moving average is $1.83 and its 200-day simple moving average is $1.56. The company has a quick ratio of 0.93, a current ratio of 1.36 and a debt-to-equity ratio of 1.48.

About Orbia Advance

Orbia Advance Corporation, SAB. de C.V. provides products and solutions for precision agriculture, building and infrastructure, fluorinated, polymer, and connectivity sectors worldwide. The company offers irrigation systems, agricultural and greenhouse projects, digital farming technologies, and related services; and connectivity solutions, including conduits, cable-in conduit, and other HDPE products and solutions.