Hexagon Composites ASA (HXGCF) Expected to Post Earnings on Thursday

Hexagon Composites ASA (OTCMKTS:HXGCF) is projected to issue its resultson Thursday, August 6th. Analysts expect the company to announce earnings of ($0.0289) per share and revenue of $71.9950 million for the quarter.

Hexagon Composites ASA Stock Performance

HXGCF stock opened at $1.10 on Wednesday. The business has a 50 day moving average price of $0.97 and a 200 day moving average price of $0.92. Hexagon Composites ASA has a fifty-two week low of $0.65 and a fifty-two week high of $1.79.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities upgraded shares of Hexagon Composites ASA from a “hold” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Hexagon Composites ASA has a consensus rating of “Buy”.

Hexagon Composites ASA Company Profile

Hexagon Composites ASA (OTCMKTS: HXGCF) is a Norway?based industrial company specializing in the design, manufacture and distribution of advanced composite pressure cylinders and gas storage systems. Headquartered in Asker, the company develops Type III and Type IV cylinders engineered to safely store and transport environmentally friendly gases, including compressed natural gas (CNG), renewable natural gas (RNG), hydrogen and liquefied petroleum gas (LPG). Its solutions are used across a broad range of applications—from commercial transport and industrial gas handling to energy refueling stations.

Originally founded in the early 1980s to serve the emerging market for lightweight pressure vessels, Hexagon has expanded through organic growth and strategic acquisitions to become a global leader in composite cylinder technology.