Orbia Advance (OTCMKTS:MXCHY) Shares Gap Up – Here’s What Happened

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $1.95, but opened at $2.10. Orbia Advance shares last traded at $2.0920, with a volume of 618 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have commented on MXCHY shares. Santander upgraded Orbia Advance to an “outperform” rating in a research note on Thursday, October 16th. Itau BBA Securities raised shares of Orbia Advance to an “outperform” rating in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Orbia Advance Trading Up 6.2%

The company has a current ratio of 1.56, a quick ratio of 1.10 and a debt-to-equity ratio of 1.76. The firm has a 50-day moving average of $1.83 and a 200 day moving average of $1.70.

Orbia Advance Company Profile

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.