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

Key Points

• Orbia Advance's ADR gapped up pre-market, opening at $2.4004 versus a $2.30 close and was trading up about 4.4% on very light volume (148 shares).
• Itau BBA Securities upgraded the stock to an outperform on Jan. 28, and the company holds a consensus rating of "Buy" from three analysts.
• Orbia Advance is a Mexico City–based global provider of advanced chemicals, polymers and infrastructure technologies, operating across four core segments: Fluorinated Solutions, Polymer Solutions, Building & Infrastructure and Precision Agriculture.

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $2.30, but opened at $2.4004. Orbia Advance shares last traded at $2.4004, with a volume of 148 shares trading hands.

Analyst Ratings Changes

Separately, Itau BBA Securities upgraded shares of Orbia Advance to an "outperform" rating in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy".

Orbia Advance Trading Up 4.4%

The company has a debt-to-equity ratio of 1.76, a current ratio of 1.56 and a quick ratio of 1.10. The company's 50 day simple moving average is $2.25 and its two-hundred day simple moving average is $1.97.

About Orbia Advance

Orbia Advance Corporation, formerly Mexichem, is a leading global provider of specialty materials and innovative solutions headquartered in Mexico City. Founded in 1953 as the first vinyl chloride producer in Mexico, the company rebranded to Orbia Advance in 2019 to reflect its broadened portfolio spanning advanced chemicals, polymers and infrastructure technologies.

Orbia's operations are organized into four core segments: Fluorinated Solutions, which offers refrigerants, fluoropolymers and specialty chemicals; Polymer Solutions, producing polyethylene, PVC and compound resins; Building & Infrastructure, supplying piping systems, cables and water management products; and Precision Agriculture, delivering drip-irrigation systems and soil-conditioning services.

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