Orbia Advance (OTCMKTS:MXCHY) Shares Gap Up – Still a Buy?

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $1.74, but opened at $1.8950. Orbia Advance shares last traded at $1.8950, with a volume of 500 shares traded.

Analysts Set New Price Targets

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

Orbia Advance Stock Performance

The company has a 50-day moving average of $1.80 and a 200-day moving average of $1.61. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.36 and a quick ratio of 0.93.

Orbia Advance Company Profile

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.