Hexagon (OTCMKTS:HXGBY) Shares Gap Up – Here’s What Happened

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $10.63, but opened at $11.22. Hexagon shares last traded at $11.0012, with a volume of 9,107 shares traded.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a research note on Monday, April 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Hexagon currently has an average rating of “Hold”.

Hexagon Trading Up 4.0%

The firm has a market cap of $29.66 billion, a PE ratio of 12.70 and a beta of 1.42. The company’s fifty day moving average price is $10.36 and its two-hundred day moving average price is $11.09. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 0.24.

Hexagon (OTCMKTS:HXGBY) last issued its earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). The firm 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 10.28%.

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.