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

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) 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.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HXGBY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hexagon in a research note on Monday, April 13th. Barclays cut shares of Hexagon from a “hold” rating to an “underweight” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hexagon presently has an average rating of “Hold”.

Hexagon Price Performance

The company has a market cap of $22.98 billion, a price-to-earnings ratio of 9.84 and a beta of 1.44. The company has a 50-day simple moving average of $9.33 and a 200-day simple moving average of $10.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.26 and a current ratio of 3.44.

Hexagon (OTCMKTS:HXGBY) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). Hexagon had a net margin of 40.44% and a return on equity of 9.74%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, research analysts predict that Hexagon AB Unsponsored ADR will post 0.37 earnings per share for the current year.

About Hexagon

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.