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Orbia Advance (OTCMKTS:MXCHY) Stock Crosses Above 200 Day Moving Average - Here's What Happened

Orbia Advance logo with Basic Materials background

Key Points

  • Orbia Advance Corporation stock has recently exceeded its two hundred day moving average, currently trading at $1.45, above the average of $1.39.
  • Analysts from Barclays have reaffirmed an "overweight" rating for Orbia Advance, contributing to an average stock rating of "Buy."
  • The company provides diverse solutions in precision agriculture and infrastructure, including irrigation systems and connectivity products.
  • Looking to export and analyze Orbia Advance data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.39 and traded as high as $1.51. Orbia Advance shares last traded at $1.45, with a volume of 13,200 shares traded.

Analyst Upgrades and Downgrades

Separately, Barclays reiterated an "overweight" rating on shares of Orbia Advance in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy".

Check Out Our Latest Report on Orbia Advance

Orbia Advance Stock Up 4.1%

The company has a debt-to-equity ratio of 1.48, a current ratio of 1.36 and a quick ratio of 0.93. The company's 50-day simple moving average is $1.37 and its 200-day simple moving average is $1.39.

Orbia Advance Company Profile

(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.

Further Reading

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