Orbia Advance (OTCMKTS:MXCHY) Reaches New 1-Year High - Here's What Happened

Key Points

• Orbia Advance (OTCMKTS:MXCHY) hit a new 52-week high, trading as high as $2.64 and last at $2.56 on Wednesday with a volume of 815 shares and trading up about 9.2%.
• Analysts have turned positive—Itau BBA upgraded to "outperform", Barclays reiterated "overweight", and the consensus from three analysts is a Buy rating.
• The company reported an anomalous $999.00 EPS for the quarter (well above estimates) but still shows a negative net margin of 4.81% and negative return on equity of 9.53%, with analysts forecasting 0.1 EPS for the year.

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $2.64 and last traded at $2.56, with a volume of 815 shares changing hands. The stock had previously closed at $2.3445.

Analysts Set New Price Targets

MXCHY has been the topic of a number of recent research reports. Itau BBA Securities upgraded shares of Orbia Advance to an "outperform" rating in a report on Wednesday, January 28th. Barclays restated an "overweight" rating on shares of Orbia Advance in a report on Friday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Orbia Advance currently has a consensus rating of "Buy".

Orbia Advance Trading Up 9.2%

The business's 50 day moving average is $2.28 and its 200-day moving average is $2.04. The company has a quick ratio of 1.10, a current ratio of 1.56 and a debt-to-equity ratio of 1.76.

Orbia Advance (OTCMKTS:MXCHY - Get Free Report) last posted its earnings results on Tuesday, April 28th. The basic materials company reported $999.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $998.99. Orbia Advance had a negative net margin of 4.81% and a negative return on equity of 9.53%. Research analysts forecast that Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR will post 0.1 EPS for the current year.

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.

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