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

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $11.50, but opened at $10.26. Hexagon shares last traded at $10.96, with a volume of 3,739 shares traded.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated 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’s stock. Based on data from MarketBeat.com, Hexagon currently has a consensus rating of “Hold”.

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Hexagon Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $10.39 and its 200 day moving average is $11.08. The firm has a market capitalization of $29.67 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 0.69 and a beta of 1.42.

Hexagon (OTCMKTS:HXGBY – Get Free Report) 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). Hexagon had a net margin of 40.44% and a return on equity of 10.28%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.50 billion. On average, equities research analysts anticipate that Hexagon AB Unsponsored ADR will post 0.31 earnings per share for the current fiscal year.

Hexagon Company Profile

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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.

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