Orbia Advance (OTCMKTS:MXCHY) Hits New 12-Month High – Still a Buy?

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

Analysts Set New Price Targets

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

Orbia Advance Stock Performance

The stock’s 50 day moving average price is $1.81 and its 200-day moving average price is $1.69. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.10 and a current ratio of 1.56.

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.