Orbia Advance (OTCMKTS:MXCHY) Shares Gap Up – Here’s What Happened

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.75, but opened at $1.8850. Orbia Advance shares last traded at $1.8850, with a volume of 2,000 shares traded.

Analysts Set New Price Targets

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

Orbia Advance Stock Performance

The business has a fifty day simple moving average of $1.81 and a two-hundred day simple moving average of $1.59. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.93 and a current ratio of 1.36.

About Orbia Advance

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.