Hexagon (OTCMKTS:HXGBY) Reaches New 1-Year Low – Here’s Why

Shares of Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $8.01 and last traded at $8.02, with a volume of 39959 shares. The stock had previously closed at $8.46.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HXGBY shares. Deutsche Bank Aktiengesellschaft reiterated 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 investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hexagon has a consensus rating of “Hold”.

Get Hexagon alerts:

Check Out Our Latest Stock Report on Hexagon

Hexagon Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.26 and a current ratio of 3.44. The firm has a fifty day simple moving average of $9.91 and a two-hundred day simple moving average of $10.55. The firm has a market cap of $21.80 billion, a PE ratio of 9.33 and a beta of 1.44.

Hexagon (OTCMKTS:HXGBY – Get Free Report) last posted its earnings results 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 analysts’ expectations of $1.50 billion. Hexagon had a net margin of 40.44% and a return on equity of 9.74%. Equities analysts predict that Hexagon AB Unsponsored ADR will post 0.37 EPS 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.

Featured Stories

• Five stocks we like better than Hexagon
• The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
• Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
• Why Penguin Solutions May Be the Smartest AI Infrastructure Stock
• Want Anthropic Exposure Before the IPO? These 2 AI Giants Are Already There

Receive News & Ratings for Hexagon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexagon and related companies with MarketBeat.com's FREE daily email newsletter.