Orbia Advance (MXCHY) Expected to Announce Quarterly Earnings on Tuesday

Orbia Advance (OTCMKTS:MXCHY) will likely be announcing its results before the market opens on Tuesday, February 24th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.

Orbia Advance Stock Down 1.0%

Shares of OTCMKTS MXCHY opened at $2.38 on Tuesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.10 and a current ratio of 1.56. Orbia Advance has a one year low of $1.00 and a one year high of $2.47. The company’s fifty day moving average is $1.94 and its two-hundred day moving average is $1.77.

Analysts Set New Price Targets

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

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.