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

Key Points

• Orbia Advance shares gapped down from a previous close of $2.05 to open at $1.97, with recent trading volume at 1,025 shares.
• Despite this drop, Santander upgraded the stock to an "outperform" rating, contributing to a consensus rating of "Buy" from two analysts.
• The company's debt-to-equity ratio stands at 1.48, with a current ratio of 1.36, which indicates its financial leverage and liquidity position.

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $2.05, but opened at $1.97. Orbia Advance shares last traded at $1.97, with a volume of 1,025 shares traded.

Wall Street Analyst Weigh In

Separately, Santander upgraded shares of Orbia Advance to an "outperform" rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy".

Orbia Advance Trading Down 3.4%

The business's 50-day simple moving average is $1.60 and its two-hundred day simple moving average is $1.45. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.36 and a quick ratio of 0.93.

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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