Orbia Advance (OTCMKTS:MXCHY) Reaches New 12-Month High – Should You Buy?

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $2.64 and last traded at $2.56, with a volume of 815 shares. The stock had previously closed at $2.3445.

Analyst Ratings Changes

MXCHY has been the subject of several recent research reports. Barclays restated an “overweight” rating on shares of Orbia Advance in a research report on Friday, May 1st. Itau BBA Securities upgraded shares of Orbia Advance to an “outperform” rating in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Orbia Advance currently has an average rating of “Buy”.

Orbia Advance Price Performance

The stock’s 50-day moving average is $2.29 and its 200-day moving average is $2.05. 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 (OTCMKTS:MXCHY) last announced its earnings results on Tuesday, April 28th. The basic materials company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $998.99. Orbia Advance had a negative net margin of 4.81% and a negative return on equity of 9.53%. Equities research analysts expect that Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR will post 0.1 EPS for the current fiscal year.

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.