Orbia Advance (OTCMKTS:MXCHY) Shares Gap Up - Still a Buy?

Key Points

• Orbia Advance Corporation shares experienced a gap up, opening at $1.35 after closing at $1.28, with a trading volume of 1,000 shares.
• Barclays has maintained an "overweight" rating for Orbia Advance, indicating positive investor sentiment around the company's outlook.
• The company's stock price has increased by 20.3%, and it has important financial metrics such as a current ratio of 1.36 and a debt-to-equity ratio of 1.48.

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $1.28, but opened at $1.35. Orbia Advance shares last traded at $1.35, with a volume of 1,000 shares changing hands.

Analyst Ratings Changes

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

Orbia Advance Stock Up 20.3%

The company has a 50 day moving average of $1.35 and a two-hundred day moving average of $1.38. The company has a current ratio of 1.36, a quick ratio of 0.93 and a debt-to-equity ratio of 1.48.

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.

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