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 Monday . The stock had previously closed at $2.1314, but opened at $2.00. Orbia Advance shares last traded at $2.07, with a volume of 13,000 shares.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MXCHY. Santander raised Orbia Advance to an “outperform” rating in a report on Thursday, October 16th. Itau BBA Securities upgraded shares of Orbia Advance to an “outperform” rating in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Orbia Advance has an average rating of “Buy”.

Orbia Advance Price Performance

The company has a debt-to-equity ratio of 1.76, a current ratio of 1.56 and a quick ratio of 1.10. The stock has a 50-day moving average price of $1.82 and a 200 day moving average price of $1.70.

About Orbia Advance

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.