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

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) shares gapped down prior to trading on Monday . The stock had previously closed at $2.44, but opened at $2.34. Orbia Advance shares last traded at $2.32, with a volume of 200 shares traded.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities upgraded shares of Orbia Advance to an “outperform” rating in a research note on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Orbia Advance has a consensus rating of “Buy”.

Orbia Advance Stock Down 4.5%

The company has a current ratio of 1.56, a quick ratio of 1.10 and a debt-to-equity ratio of 1.76. The business’s fifty day simple moving average is $1.98 and its 200-day simple moving average is $1.80.

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.