ALPEK (OTCMKTS:ALPKF) Stock Price Up 2.4% – Time to Buy?

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

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded ALPEK to an “outperform” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ALPEK presently has an average rating of “Buy”.

Check Out Our Latest Analysis on ALPKF

ALPEK Stock Performance

The stock’s 50-day moving average price is $0.67 and its 200-day moving average price is $0.59.

ALPEK Company Profile

(Get Free Report)

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.

Further Reading

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