Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $2.38, but opened at $2.17. Orbia Advance shares last traded at $2.16, with a volume of 500 shares trading hands.
Orbia Advance Stock Down 6.7%
The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.02 and a current ratio of 1.44. The company has a 50 day moving average price of $2.54 and a 200 day moving average price of $2.46.
Orbia Advance Company Profile
Orbia Advance Corporation, SAB. de C.V., formerly known as Mexichem, is a Mexico-based company that develops and manufactures products and solutions for the agriculture, building and infrastructure, connectivity, fluorinated products, and polymer industries. The company changed its name to Orbia in 2018 as part of a broader effort to present its businesses under a unified global brand.
Orbia’s business groups include Netafim, which provides precision irrigation systems and agricultural technologies; Wavin, which supplies plastic piping and water-management products for building and infrastructure projects; and Dura-Line, which manufactures conduit and other products used in telecommunications and network construction.
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