Alfa (OTCMKTS:ALFFF) Trading Up 1% – Time to Buy?

Alfa S.A.B. de C.V. (OTCMKTS:ALFFFGet Free Report) rose 1% during mid-day trading on Wednesday . The stock traded as high as $1.05 and last traded at $1.05. Approximately 20,000 shares changed hands during trading, a decline of 57% from the average session volume of 46,347 shares. The stock had previously closed at $1.04.

Alfa Stock Performance

The firm’s 50 day moving average price is $0.97 and its 200 day moving average price is $0.95.

About Alfa

(Get Free Report)

Alfa SAB. de C.V., trading on the OTC Market under the ticker ALFFF, is a diversified Mexican industrial conglomerate headquartered in Monterrey, Mexico. Founded in 1974 by the Garza family, the company has evolved into one of Mexico’s largest industrial players through strategic acquisitions and spin-offs.

Alfa’s core operations are organized into four principal business units. Alpek, its petrochemical subsidiary, produces polymers and intermediate chemicals such as polyethylene terephthalate (PET) and polypropylene (PP).

See Also

Receive News & Ratings for Alfa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alfa and related companies with MarketBeat.com's FREE daily email newsletter.