Orbia Advance (OTCMKTS:MXCHY) Stock Price Down 7% – Time to Sell?

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY)’s share price dropped 7% during mid-day trading on Tuesday . The stock traded as low as $1.99 and last traded at $2.27. Approximately 8,600 shares traded hands during trading, a decline of 48% from the average daily volume of 16,656 shares. The stock had previously closed at $2.44.

Analyst Ratings Changes

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

Orbia Advance Stock Down 4.6%

The stock has a fifty day moving average of $2.02 and a two-hundred day moving average of $1.82. The company has a current ratio of 1.56, a quick ratio of 1.10 and a debt-to-equity ratio of 1.76.

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.