Orbia Advance (OTCMKTS:MXCHY) Reaches New 52-Week High – Time to Buy?

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) hit a new 52-week high on Tuesday . The stock traded as high as $2.45 and last traded at $2.44, with a volume of 24737 shares. The stock had previously closed at $2.37.

Analysts Set New Price Targets

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

Orbia Advance Trading Down 0.7%

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 company’s fifty day moving average is $1.91 and its two-hundred day moving average is $1.75.

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.