Orbia Advance (OTCMKTS:MXCHY) Shares Gap Down – What’s Next?

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $1.91, but opened at $1.82. Orbia Advance shares last traded at $1.82, with a volume of 1,000 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Santander raised shares of Orbia Advance to an “outperform” rating in a research report on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Orbia Advance Trading Down 4.4%

The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.93 and a current ratio of 1.36. The company’s 50-day moving average is $1.68 and its 200 day moving average is $1.48.

Orbia Advance Company Profile

Orbia Advance Corporation, SAB. de C.V. provides products and solutions for precision agriculture, building and infrastructure, fluorinated, polymer, and connectivity sectors worldwide. The company offers irrigation systems, agricultural and greenhouse projects, digital farming technologies, and related services; and connectivity solutions, including conduits, cable-in conduit, and other HDPE products and solutions.