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

Shares of Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) gapped up prior to trading on Monday . The stock had previously closed at $2.19, but opened at $2.39. Orbia Advance shares last traded at $2.45, with a volume of 16,137 shares trading hands.

Analyst Ratings Changes

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

Orbia Advance Trading Up 3.0%

The company has a quick ratio of 1.10, a current ratio of 1.56 and a debt-to-equity ratio of 1.76. The firm’s 50-day simple moving average is $1.86 and its 200-day simple moving average is $1.73.

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.