Orbia Advance (OTCMKTS:MXCHY) Shares Gap Up – Should You Buy?

Shares of Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) gapped up prior to trading on Thursday . The stock had previously closed at $1.75, but opened at $1.8850. Orbia Advance shares last traded at $1.8850, with a volume of 2,000 shares changing hands.

Analyst Ratings Changes

Separately, Santander raised shares of Orbia Advance to an “outperform” rating in a report on Thursday, October 16th. Two 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 stock’s 50 day moving average price is $1.81 and its two-hundred day moving average price is $1.59. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.93 and a current ratio of 1.36.

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.