Orbia Advance (OTCMKTS:MXCHY) Sees Strong Trading Volume - Here's What Happened

Key Points

• Orbia Advance Corporation experienced a significant increase in trading volume, with approximately 25,300 shares traded, representing a 248% rise compared to the previous session.
• Analysts have upgraded Orbia Advance to an "outperform" rating, contributing to an overall average rating of "Buy" from multiple analysts.
• The stock is currently trading at $1.85, down 3.1% from its previous close of $1.91, amidst fluctuating moving averages and financial ratios.

Shares of Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 25,300 shares were traded during mid-day trading, an increase of 248% from the previous session's volume of 7,267 shares.The stock last traded at $1.85 and had previously closed at $1.91.

Analyst Upgrades and Downgrades

Separately, Santander raised Orbia Advance to an "outperform" rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy".

Orbia Advance Trading Down 3.1%

The business has a fifty day simple moving average of $1.67 and a two-hundred day simple moving average of $1.47. The company has a current ratio of 1.36, a quick ratio of 0.93 and a debt-to-equity ratio of 1.48.

Orbia Advance Company Profile

Orbia Advance Corporation, SAB. de C.V. provides products and solutions for precision agriculture, building and infrastructure, fluorinated, polymer, and connectivity sectors worldwide. The company offers irrigation systems, agricultural and greenhouse projects, digital farming technologies, and related services; and connectivity solutions, including conduits, cable-in conduit, and other HDPE products and solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.