Hexagon (OTCMKTS:HXGBY) Hits New 1-Year Low – What’s Next?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.01 and last traded at $8.02, with a volume of 39959 shares changing hands. The stock had previously closed at $8.46.

Wall Street Analyst Weigh In

HXGBY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a research report on Monday, April 13th. Barclays downgraded Hexagon from a “hold” rating to an “underweight” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Hexagon Stock Performance

The company has a market capitalization of $22.20 billion, a price-to-earnings ratio of 9.51 and a beta of 1.44. The company has a current ratio of 3.44, a quick ratio of 3.26 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $9.81 and its 200-day simple moving average is $10.51.

Hexagon (OTCMKTS:HXGBY) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Hexagon had a net margin of 40.44% and a return on equity of 9.74%. Analysts predict that Hexagon AB Unsponsored ADR will post 0.37 EPS for the current year.

About Hexagon

Hexagon AB (publ) is a Sweden-based global provider of digital reality solutions, combining sensor, software and autonomous technologies. The company develops measurement instruments, software and data analytics platforms that enable customers to capture, process and visualize information about physical assets, infrastructure and environments. Hexagon’s offerings are designed to improve productivity and quality in sectors such as manufacturing, construction, surveying, agriculture, mining, public safety and utilities.

The company’s hardware portfolio includes positioning and dimensioning sensors, laser scanners, GNSS receivers and total stations used for surveying and geospatial data acquisition.