Orbia Advance (OTCMKTS:MXCHY) Shares Gap Down – What’s Next?

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) shares gapped down before the market opened on Monday . The stock had previously closed at $2.44, but opened at $2.34. Orbia Advance shares last traded at $2.32, with a volume of 200 shares trading hands.

Analyst Ratings Changes

Separately, Itau BBA Securities upgraded Orbia Advance to an “outperform” rating in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Orbia Advance Trading Down 4.5%

The company has a 50-day moving average of $1.98 and a two-hundred day moving average of $1.80. The company has a current ratio of 1.56, a quick ratio of 1.10 and a debt-to-equity ratio of 1.76.

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.