Orbia Advance (OTCMKTS:MXCHY) Stock Price Down 7% – Here’s Why

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) traded down 7% during mid-day trading on Tuesday . The company traded as low as $1.99 and last traded at $2.27. 8,600 shares traded hands during trading, a decline of 48% from the average session volume of 16,656 shares. The stock had previously closed at $2.44.

Analyst Upgrades and Downgrades

Separately, Itau BBA Securities raised Orbia Advance to an “outperform” rating in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Orbia Advance Stock Down 2.1%

The company’s 50-day moving average price is $1.99 and its two-hundred day moving average price is $1.81. 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.