Orbia Advance (OTCMKTS:MXCHY) Shares Down 12.1% - What's Next?

Key Points

• Orbia Advance Corporation's shares fell by 12.1% on Thursday, closing at $1.31 after a drop from the previous close of $1.49.
• Barclays has maintained an "overweight" rating on Orbia Advance shares, indicating a positive outlook despite the recent decline.
• The company operates in various sectors, including precision agriculture and connectivity solutions, providing products like irrigation systems and HDPE products.

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report)'s share price fell 12.1% during trading on Thursday . The stock traded as low as $1.31 and last traded at $1.31. 3,003 shares changed hands during trading, a decline of 12% from the average session volume of 3,404 shares. The stock had previously closed at $1.49.

Wall Street Analyst Weigh In

Separately, Barclays restated an "overweight" rating on shares of Orbia Advance in a research report on Tuesday, May 6th.

Orbia Advance Stock Down 12.1%

The company has a current ratio of 1.36, a quick ratio of 0.93 and a debt-to-equity ratio of 1.48. The business's fifty day moving average price is $1.37 and its 200-day moving average price is $1.39.

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.