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

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) gapped up prior to trading on Wednesday. The stock had previously closed at $2.16, but opened at $2.29. Orbia Advance shares last traded at $2.29, with a volume of 100 shares trading hands.

Orbia Advance Stock Performance

The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 1.83. The firm’s 50 day simple moving average is $2.40 and its 200 day simple moving average is $2.47.

About Orbia Advance

Orbia Advance Corporation, SAB. de C.V., formerly known as Mexichem, is a Mexico-based company that develops and manufactures products and solutions for agriculture, building and infrastructure, polymer processing, fluorinated products, and data communications. The company changed its name to Orbia in 2019 to reflect its broader portfolio of businesses and its focus on providing solutions for essential industries.

Orbia’s businesses include Netafim, which provides precision irrigation systems and agricultural technologies; Wavin, which manufactures plastic piping and water-management systems; Vestolit, which produces chlor-alkali products, PVC resins, and specialty polymers; Koura, which develops fluorinated products, refrigerants, and medical propellants; and Dura-Line, which supplies high-density polyethylene conduit and other connectivity infrastructure products.

The company serves customers in markets including agriculture, water management, construction, infrastructure, healthcare, automotive, industrial manufacturing, and telecommunications.