Hexagon (OTCMKTS:HXGBY) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.23 and traded as low as $10.59. Hexagon shares last traded at $10.80, with a volume of 278,278 shares.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a report on Monday, April 13th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Hexagon Trading Up 2.4%

The firm has a market capitalization of $28.99 billion, a price-to-earnings ratio of 12.41 and a beta of 1.42. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $10.48 and a two-hundred day moving average price of $11.23.

Hexagon (OTCMKTS:HXGBY) last released 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). The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hexagon had a net margin of 40.44% and a return on equity of 10.28%. As a group, research analysts forecast that Hexagon AB Unsponsored ADR will post 0.32 earnings per share for the current fiscal year.

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.