Orbia Advance (OTCMKTS:MXCHY) Shares Gap Down - Here's What Happened

Key Points

• Orbia Advance Corporation's shares gapped down from a previous close of $1.49 to open at $1.31, marking a 12.1% decrease in stock price.
• Barclays has reiterated an "overweight" rating on Orbia Advance shares, indicating a positive outlook from analysts.
• The company has a debt-to-equity ratio of 1.48 and is involved in providing solutions across sectors like precision agriculture and building infrastructure.

Shares of Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $1.49, but opened at $1.31. Orbia Advance shares last traded at $1.31, with a volume of 20,000 shares trading hands.

Wall Street Analyst Weigh In

Separately, Barclays reiterated 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 quick ratio of 0.93, a current ratio of 1.36 and a debt-to-equity ratio of 1.48. The stock has a 50-day simple moving average of $1.36 and a 200 day simple moving average of $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.

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