Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $2.7050 and last traded at $2.7050, with a volume of 3400 shares changing hands. The stock had previously closed at $2.65.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on MXCHY. Barclays reissued an “overweight” rating on shares of Orbia Advance in a research report on Friday, May 1st. Itau BBA Securities raised shares of Orbia Advance to an “outperform” rating in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Orbia Advance currently has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on MXCHY
Orbia Advance Stock Up 2.1%
Orbia Advance (OTCMKTS:MXCHY – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $999.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $998.99. Orbia Advance had a negative net margin of 4.81% and a negative return on equity of 9.53%. Sell-side analysts predict that Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR will post 0.12 EPS for the current fiscal year.
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.
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