Orbia Advance (OTCMKTS:MXCHY) Shares Gap Up – Still a Buy?

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $2.30, but opened at $2.4980. Orbia Advance shares last traded at $2.4980, with a volume of 215 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MXCHY. Itau BBA Securities upgraded shares of Orbia Advance to an “outperform” rating in a research note on Wednesday, January 28th. Barclays reiterated an “overweight” rating on shares of Orbia Advance in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Orbia Advance Stock Performance

The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.10 and a current ratio of 1.56. The business’s 50 day moving average is $2.28 and its two-hundred day moving average is $2.04.

Orbia Advance (OTCMKTS:MXCHY) last released its earnings results on Tuesday, April 28th. The basic materials company reported $999.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $998.99. Orbia Advance had a negative net margin of 4.81% and a negative return on equity of 9.53%. As a group, equities analysts expect that Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR will post 0.1 earnings per share for the current year.

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.