Orbia Advance (OTCMKTS:MXCHY) Shares Gap Up – Time to Buy?

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $1.74, but opened at $1.8950. Orbia Advance shares last traded at $1.8950, with a volume of 500 shares.

Wall Street Analyst Weigh In

Separately, Santander upgraded shares of Orbia Advance to an “outperform” rating in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Orbia Advance has an average rating of “Buy”.

Orbia Advance Trading Up 8.9%

The company has a debt-to-equity ratio of 1.48, a current ratio of 1.36 and a quick ratio of 0.93. The company’s 50-day moving average is $1.80 and its two-hundred day moving average is $1.61.

About Orbia Advance

Orbia Advance Corporation, formerly Mexichem, is a leading global provider of specialty materials and innovative solutions headquartered in Mexico City. Founded in 1953 as the first vinyl chloride producer in Mexico, the company rebranded to Orbia Advance in 2019 to reflect its broadened portfolio spanning advanced chemicals, polymers and infrastructure technologies.

Orbia’s operations are organized into four core segments: Fluorinated Solutions, which offers refrigerants, fluoropolymers and specialty chemicals; Polymer Solutions, producing polyethylene, PVC and compound resins; Building & Infrastructure, supplying piping systems, cables and water management products; and Precision Agriculture, delivering drip-irrigation systems and soil-conditioning services.