Orbia Advance (OTCMKTS:MXCHY) Shares Pass Below 200 Day Moving Average - Time to Sell?

Key Points

• Orbia Advance Corporation's stock price dropped below its 200-day moving average of $1.39, reaching a low of $1.28 during trading.
• Despite the recent decline, Barclays has maintained an "overweight" rating on the stock, suggesting a positive long-term outlook.
• The company is involved in providing products and solutions for various sectors, including precision agriculture and building infrastructure.

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.39 and traded as low as $1.28. Orbia Advance shares last traded at $1.28, with a volume of 201 shares traded.

Analyst Upgrades and Downgrades

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

Orbia Advance Price Performance

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

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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