Hexagon (OTCMKTS:HXGBY) Shares Gap Down – Should You Sell?

Shares of Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) gapped down before the market opened on Monday . The stock had previously closed at $11.45, but opened at $10.62. Hexagon shares last traded at $10.59, with a volume of 809 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hexagon Trading Up 0.9%

The stock’s 50 day moving average price is $10.55 and its 200-day moving average price is $10.99. The company has a quick ratio of 3.26, a current ratio of 3.44 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $28.62 billion, a PE ratio of 12.25 and a beta of 1.40.

Hexagon (OTCMKTS:HXGBY) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Hexagon had a return on equity of 9.74% and a net margin of 40.44%. On average, sell-side analysts expect that Hexagon AB Unsponsored ADR will post 0.39 earnings per share for the current fiscal 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.