Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $2.38, but opened at $2.17. Orbia Advance shares last traded at $2.16, with a volume of 500 shares changing hands.
Orbia Advance Price Performance
The company’s 50-day simple moving average is $2.54 and its 200-day simple moving average is $2.46. The company has a current ratio of 1.44, a quick ratio of 1.02 and a debt-to-equity ratio of 1.81.
About Orbia Advance
Orbia Advance Corporation, SAB. de C.V., formerly known as Mexichem, is a Mexico-based company that develops and manufactures products and solutions for the agriculture, building and infrastructure, connectivity, fluorinated products, and polymer industries. The company changed its name to Orbia in 2018 as part of a broader effort to present its businesses under a unified global brand.
Orbia’s business groups include Netafim, which provides precision irrigation systems and agricultural technologies; Wavin, which supplies plastic piping and water-management products for building and infrastructure projects; and Dura-Line, which manufactures conduit and other products used in telecommunications and network construction.
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