Hexagon (OTCMKTS:HXGBY) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.62 and traded as low as $11.14. Hexagon shares last traded at $11.39, with a volume of 185,633 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HXGBY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a research note on Monday, October 27th. BNP Paribas Exane upgraded Hexagon from a “hold” rating to an “outperform” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Hexagon Price Performance

The stock has a fifty day moving average of $11.61 and a 200-day moving average of $11.62. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $30.44 billion, a P/E ratio of 43.62, a PEG ratio of 2.73 and a beta of 1.40.

Hexagon (OTCMKTS:HXGBY) last announced its earnings results on Friday, January 30th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Hexagon had a net margin of 12.09% and a return on equity of 10.64%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion.

Hexagon Company Profile

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.