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

Orbia Advance logo with Basic Materials background

Key Points

  • Orbia Advance Corporation's shares gapped up from $1.28 to $1.39 when the market opened, with a trading volume of 6,931 shares.
  • Barclays has restated an "overweight" rating on Orbia Advance, indicating positive sentiment among analysts.
  • The company's financial ratios include a current ratio of 1.36 and a debt-to-equity ratio of 1.48, reflecting its financial stability and leverage.
  • Looking to export and analyze Orbia Advance data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $1.28, but opened at $1.39. Orbia Advance shares last traded at $1.39, with a volume of 6,931 shares.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on Orbia Advance

Orbia Advance Stock Performance

The business has a fifty day simple moving average of $1.36 and a two-hundred day simple moving average of $1.39. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.93 and a current ratio of 1.36.

About Orbia Advance

(Get Free Report)

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.

See Also

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