Hexagon (OTCMKTS:HXGBY) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.97 and traded as low as $9.89. Hexagon shares last traded at $9.95, with a volume of 441,252 shares traded.

Hexagon Stock Down 4.1%

The firm has a 50 day moving average of $10.97 and a two-hundred day moving average of $11.55. The stock has a market capitalization of $26.71 billion, a PE ratio of 41.46, a P/E/G ratio of 2.60 and a beta of 1.40. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24.

Hexagon (OTCMKTS:HXGBY) last posted its earnings results on Friday, January 30th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. Hexagon had a return on equity of 10.86% and a net margin of 11.26%.The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.67 billion.

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.