Hexagon (OTCMKTS:HXGBY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw strong trading volume on Tuesday . 714,681 shares were traded during trading, an increase of 319% from the previous session’s volume of 170,626 shares.The stock last traded at $11.07 and had previously closed at $11.54.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research note on Monday, October 27th. Pareto Securities lowered Hexagon from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Finally, BNP Paribas upgraded shares of Hexagon from a “hold” rating to an “outperform” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hexagon presently has a consensus rating of “Hold”.

Hexagon Price Performance

The business’s 50 day moving average price is $11.70 and its 200 day moving average price is $11.57. The stock has a market capitalization of $29.39 billion, a P/E ratio of 42.12, a price-to-earnings-growth ratio of 2.47 and a beta of 1.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 0.89.

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.