Orbia Advance (OTCMKTS:MXCHY) Sets New 52-Week High – Time to Buy?

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY)’s stock price hit 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 trading hands. The stock had previously closed at $2.65.

Wall Street Analysts Forecast Growth

MXCHY has been the topic of several research reports. Itau BBA Securities raised shares of Orbia Advance to an “outperform” rating in a research report on Wednesday, January 28th. Barclays reaffirmed an “overweight” rating on shares of Orbia Advance in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Orbia Advance Price Performance

The firm has a fifty day simple moving average of $2.32 and a two-hundred day simple moving average of $2.07. The company has a current ratio of 1.56, a quick ratio of 1.10 and a debt-to-equity ratio of 1.76.

Orbia Advance (OTCMKTS:MXCHY) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $998.99. Orbia Advance had a negative return on equity of 9.53% and a negative net margin of 4.81%. Analysts anticipate that Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR will post 0.12 earnings per share for the current year.

About Orbia Advance

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.