ALPEK (OTCMKTS:ALPKF) Shares Down 23.9% – What’s Next?

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF)’s share price fell 23.9% on Wednesday . The company traded as low as $0.57 and last traded at $0.57. 1,500 shares were traded during mid-day trading, an increase of 173% from the average session volume of 550 shares. The stock had previously closed at $0.75.

ALPEK Price Performance

The stock’s 50 day moving average price is $0.74 and its two-hundred day moving average price is $0.70.

ALPEK Company Profile

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.