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

Key Points

• Orbia Advance Corporation's shares opened at $1.28 after closing at $1.39, indicating a gap down in stock price before the market opened on Friday.
• Despite the drop in stock price, Barclays has maintained an “overweight” rating on Orbia Advance, suggesting positive growth prospects.
• The company, involved in precision agriculture and connectivity solutions, has a debt-to-equity ratio of 1.48 and a current ratio of 1.36, highlighting its financial position.

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $1.39, but opened at $1.28. Orbia Advance shares last traded at $1.28, with a volume of 134 shares changing hands.

Analysts Set New Price Targets

Separately, Barclays reaffirmed an "overweight" rating on shares of Orbia Advance in a report on Tuesday, May 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Orbia Advance presently has a consensus rating of "Buy".

Orbia Advance Stock Performance

The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.93 and a current ratio of 1.36. The firm has a fifty day moving average price of $1.36 and a 200 day moving average price of $1.39.

About Orbia Advance

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.