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

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $8.12, but opened at $8.43. Hexagon shares last traded at $8.4350, with a volume of 22,097 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HXGBY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hexagon in a research note on Monday, April 13th. Barclays lowered shares of Hexagon from a “hold” rating to an “underweight” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hexagon has a consensus rating of “Hold”.

Hexagon Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.26 and a current ratio of 3.44. The firm has a fifty day simple moving average of $9.36 and a 200 day simple moving average of $10.26. The company has a market capitalization of $22.63 billion, a PE ratio of 9.69 and a beta of 1.44.

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). Hexagon had a return on equity of 9.74% and a net margin of 40.44%.The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Equities analysts anticipate that Hexagon AB Unsponsored ADR will post 0.37 EPS for the current year.

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.