Alfa (OTCMKTS:ALFFF) Trading Up 1% – Still a Buy?

Alfa S.A.B. de C.V. (OTCMKTS:ALFFFGet Free Report)’s stock price shot up 1% during mid-day trading on Wednesday . The stock traded as high as $1.05 and last traded at $1.05. 20,000 shares changed hands during trading, a decline of 57% from the average session volume of 46,347 shares. The stock had previously closed at $1.04.

Alfa Price Performance

The company has a 50-day moving average price of $0.97 and a two-hundred day moving average price of $0.95.

About Alfa

(Get Free Report)

Alfa SAB. de C.V., trading on the OTC Market under the ticker ALFFF, is a diversified Mexican industrial conglomerate headquartered in Monterrey, Mexico. Founded in 1974 by the Garza family, the company has evolved into one of Mexico’s largest industrial players through strategic acquisitions and spin-offs.

Alfa’s core operations are organized into four principal business units. Alpek, its petrochemical subsidiary, produces polymers and intermediate chemicals such as polyethylene terephthalate (PET) and polypropylene (PP).

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