ALPEK (OTCMKTS:ALPKF) Shares Up 2.4% – Here’s Why

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF)’s share price was up 2.4% on Friday . The company traded as high as $0.6931 and last traded at $0.6931. Approximately 3,500 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 5,744 shares. The stock had previously closed at $0.6768.

Analysts Set New Price Targets

Separately, Scotiabank raised shares of ALPEK to an “outperform” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

ALPEK Stock Up 2.4%

The firm has a 50 day simple moving average of $0.67 and a 200 day simple moving average of $0.59.

ALPEK Company Profile

ALPEK, SAB. de C.V. is a leading petrochemical company based in Mexico and a key player in the Americas. As a publicly traded subsidiary of Grupo Alfa, ALPEK specializes in the production of chemical intermediates and polymers for a wide range of industrial applications. The company’s integrated portfolio serves customers in sectors such as packaging, textiles, automotive, construction and consumer goods.

ALPEK’s core business activities are organized into two main segments: intermediates and plastics.