Orbia Advance (OTCMKTS:MXCHY) Sets New 12-Month High – Time to Buy?

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) reached a new 52-week high during trading on Wednesday . The company traded as high as $2.15 and last traded at $2.0850, with a volume of 2860 shares traded. The stock had previously closed at $2.1499.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MXCHY. Santander raised shares of Orbia Advance to an “outperform” rating in a research note on Thursday, October 16th. Itau BBA Securities upgraded Orbia Advance to an “outperform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Orbia Advance has an average rating of “Buy”.

Orbia Advance Stock Up 2.2%

The company’s 50-day moving average price is $1.82 and its two-hundred day moving average price is $1.69. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.56 and a quick ratio of 1.10.

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.