ALPEK (OTCMKTS:ALPKF) Trading Down 6.6% – Here’s What Happened

by · The Markets Daily

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF – Get Free Report)’s stock price was down 6.6% during trading on Thursday . The stock traded as low as $0.50 and last traded at $0.50. Approximately 17,000 shares changed hands during trading, a decline of 39% from the average daily volume of 28,077 shares. The stock had previously closed at $0.5355.

Analysts Set New Price Targets

Separately, Santander raised ALPEK to an “outperform” rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Read Our Latest Analysis on ALPKF

ALPEK Stock Performance

The firm has a 50 day moving average price of $0.54 and a two-hundred day moving average price of $0.54.

About ALPEK

(Get Free Report)

Alpek, SAB. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico and internationally. It operates in two segments, Polyester, and Plastic and Chemicals. The Polyester segment produces purified terephthalic acid (PTA), an organic compound that is raw material for PET; polyethylene terephthalate (PET), a plastic resin for use in the beverage bottles, food containers, and consumer good packaging applications; recycled PET for new bottles and containers, strapping and packing supplies, and fibers for clothing and carpet; and polyester fibers, such as staple fiber for use in carpets, home furnishings, and garments; and filament for clothing, automotive interiors, and seatbelts, as well as canvases, conveyor belts, hoses, and other industrial application.

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