Hexagon (OTCMKTS:HXGBY) Releases Quarterly Earnings Results, Hits Expectations

Hexagon (OTCMKTS:HXGBY) issued its earnings results on Friday. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09, Zacks reports. Hexagon had a return on equity of 10.21% and a net margin of 11.66%.

Hexagon Stock Up 2.3%

Shares of HXGBY stock traded up $0.24 on Friday, hitting $10.55. The company’s stock had a trading volume of 30,142 shares, compared to its average volume of 524,324. The stock has a market capitalization of $28.32 billion, a price-to-earnings ratio of 43.96 and a beta of 1.40. Hexagon has a fifty-two week low of $8.00 and a fifty-two week high of $12.85. The firm’s fifty day moving average price is $10.10 and its 200-day moving average price is $9.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.53 and a quick ratio of 1.29.

Analyst Upgrades and Downgrades

HXGBY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research report on Tuesday, September 1st. Citigroup reiterated a “neutral” rating on shares of Hexagon in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Hexagon

Hexagon AB is a Sweden-based technology company that develops digital reality, geospatial, and industrial intelligence solutions. Its products combine sensors, software, and autonomous technologies to help customers measure, design, manufacture, monitor, and manage physical environments and industrial operations.

The company serves industries including surveying and construction, manufacturing, infrastructure, mining, agriculture, public safety, and transportation. Its offerings include surveying instruments, positioning and measurement systems, 3D laser scanning, computer-aided manufacturing software, quality management tools, industrial asset management solutions, and digital twin technologies.