Orbia Advance (OTCMKTS:MXCHY) Hits New 1-Year High – What’s Next?

Shares of Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) hit a new 52-week high during trading on Thursday . The company traded as high as $2.48 and last traded at $2.42, with a volume of 10603 shares trading hands. The stock had previously closed at $2.40.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities raised 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 stock has a consensus rating of “Buy”.

Orbia Advance Stock Performance

The business has a 50-day simple moving average of $1.98 and a 200 day simple moving average of $1.79. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.56 and a quick ratio of 1.10.

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.