Hexagon (OTCMKTS:HXGBY) Sees Large Volume Increase – Still a Buy?

Shares of Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY – Get Free Report) saw unusually-high trading volume on Monday . Approximately 2,599,344 shares were traded during trading, an increase of 335% from the previous session’s volume of 597,158 shares.The stock last traded at $8.5050 and had previously closed at $8.40.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HXGBY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research report on Monday, April 13th. Barclays cut shares of Hexagon from a “hold” rating to an “underweight” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

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Hexagon Price Performance

The company has a current ratio of 3.44, a quick ratio of 3.26 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $10.01 and a 200-day simple moving average of $10.59. The firm has a market cap of $22.83 billion, a PE ratio of 9.78 and a beta of 1.44.

Hexagon (OTCMKTS:HXGBY – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hexagon had a return on equity of 9.74% and a net margin of 40.44%. Equities analysts anticipate that Hexagon AB Unsponsored ADR will post 0.37 earnings per share for the current fiscal year.

About Hexagon

(Get Free Report)

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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