Orbia Advance (OTCMKTS:MXCHY) Sets New 1-Year High – Here’s Why

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $2.15 and last traded at $2.0850, with a volume of 2860 shares traded. The stock had previously closed at $2.1499.

Analysts Set New Price Targets

A number of equities research analysts have commented on MXCHY shares. Santander raised Orbia Advance to an “outperform” rating in a report on Thursday, October 16th. Itau BBA Securities raised Orbia Advance to an “outperform” rating in a report on Wednesday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Orbia Advance Stock Down 3.0%

The stock’s fifty day moving average is $1.81 and its 200 day moving average is $1.69. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.56 and a quick ratio of 1.10.

Orbia Advance Company Profile

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.