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

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $1.58, but opened at $1.79. Orbia Advance shares last traded at $1.79, with a volume of 1,410 shares.

Analyst Upgrades and Downgrades

Separately, Santander upgraded Orbia Advance to an “outperform” rating in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Orbia Advance Trading Up 13.3%

The stock’s 50-day simple moving average is $1.82 and its 200-day simple moving average is $1.57. The company has a current ratio of 1.36, a quick ratio of 0.93 and a debt-to-equity ratio of 1.48.

About Orbia Advance

Orbia Advance Corporation, SAB. de C.V. provides products and solutions for precision agriculture, building and infrastructure, fluorinated, polymer, and connectivity sectors worldwide. The company offers irrigation systems, agricultural and greenhouse projects, digital farming technologies, and related services; and connectivity solutions, including conduits, cable-in conduit, and other HDPE products and solutions.