Orbia Advance (OTCMKTS:MXCHY) Shares Gap Up – Should You Buy?
by Jessica Moore · The Cerbat GemOrbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $1.6550, but opened at $1.76. Orbia Advance shares last traded at $1.76, with a volume of 400 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Santander raised shares of Orbia Advance to an “outperform” rating in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
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Orbia Advance Price Performance
The company’s fifty day moving average price is $1.78 and its 200 day moving average price is $1.62.
Orbia Advance Company Profile
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.