Hexagon (OTCMKTS:HXGBY) Shares Gap Up – What’s Next?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) gapped up before the market opened on Tuesday . The stock had previously closed at $8.41, but opened at $8.77. Hexagon shares last traded at $8.52, with a volume of 39,394 shares.

Analyst Upgrades and Downgrades

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

Hexagon Stock Performance

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 cap of $22.79 billion, a price-to-earnings ratio of 9.76 and a beta of 1.40. The company has a 50 day simple moving average of $10.59 and a 200 day simple moving average of $10.92.

Hexagon (OTCMKTS:HXGBY) last issued its 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 business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.50 billion. Hexagon had a return on equity of 9.74% and a net margin of 40.44%. As a group, equities research analysts forecast that Hexagon AB Unsponsored ADR will post 0.38 EPS for the current 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.