Orbia Advance (OTCMKTS:MXCHY) Shares Gap Up – Should You Buy?

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) shares gapped up before the market opened on Friday . The stock had previously closed at $1.79, but opened at $1.97. Orbia Advance shares last traded at $1.97, with a volume of 200 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Santander upgraded shares of Orbia Advance to an “outperform” rating in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Orbia Advance Stock Performance

The firm’s 50 day moving average is $1.78 and its 200 day moving average is $1.65.

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.