Orbia Advance (OTCMKTS:MXCHY) Trading 9.1% Higher – Time to Buy?

Shares of Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) rose 9.1% during mid-day trading on Tuesday . The company traded as high as $1.91 and last traded at $1.91. Approximately 400 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 8,101 shares. The stock had previously closed at $1.75.

Analysts Set New Price Targets

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

Orbia Advance Stock Up 10.3%

The company has a quick ratio of 0.93, a current ratio of 1.36 and a debt-to-equity ratio of 1.48. The firm’s 50-day simple moving average is $1.79 and its 200 day simple moving average is $1.52.

About Orbia Advance

Orbia Advance Corporation, SAB. de C.V. provides products and solutions for precision agriculture, building and infrastructure, fluorinated, polymer, and connectivity sectors worldwide. The company offers irrigation systems, agricultural and greenhouse projects, digital farming technologies, and related services; and connectivity solutions, including conduits, cable-in conduit, and other HDPE products and solutions.