Hexagon AB (publ) (OTCMKTS:HXGBY) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Hexagon AB (publ) (OTCMKTS:HXGBY) have been assigned an average recommendation of “Reduce” from the seven brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company.

A number of research analysts have issued reports on the stock. DNB Markets raised shares of Hexagon AB (publ) from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Handelsbanken upgraded Hexagon AB (publ) from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 27th.

Hexagon AB (publ) Price Performance

HXGBY stock opened at $8.77 on Friday. The stock’s 50 day simple moving average is $10.25 and its 200 day simple moving average is $10.94. Hexagon AB has a 12-month low of $8.49 and a 12-month high of $12.54.

Hexagon AB (publ) (OTCMKTS:HXGBY) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $1.49 billion during the quarter.

About Hexagon AB (publ)

Hexagon AB (publ) provides geospatial and industrial enterprise solutions worldwide. The company offers analysis and management, machine control, embedded electronics, monitoring, and planning and optimization solutions to agriculture division; 3D design and visualization, enterprise asset and asset lifecycle management, OT/ICS cyber security, engineering and schematics, enterprise project performance, operation and maintenance, procurement, fabrication, and construction services for asset lifecycle intelligence division; GNSS and SMART antennas, anti-jam systems, autonomy kits and services, correction services, GNSS/INS receivers and post processing, resilience and integrity technology, and visualization software for autonomy and positioning division; and 3D surveillance, AEC and survey software, geospatial content, machine control, digital realities platform, laser scanning and measurement tools, levels, total stations, airborne, monitoring, document and verification solutions, detection, GNSS, and mobile mapping system to geosystem division.