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Hexagon (OTCMKTS:HXGBY – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01, Zacks reports. Hexagon had a net margin of 40.44% and a return on equity of 9.74%.
Hexagon Stock Performance
HXGBY stock traded up $1.07 during midday trading on Wednesday, reaching $9.87. The company had a trading volume of 77,499 shares, compared to its average volume of 644,745. The firm has a market capitalization of $26.49 billion, a PE ratio of 11.34 and a beta of 1.44. The stock has a 50 day moving average price of $9.25 and a 200 day moving average price of $10.20. Hexagon has a fifty-two week low of $8.00 and a fifty-two week high of $12.85. The company has a quick ratio of 3.26, a current ratio of 3.44 and a debt-to-equity ratio of 0.19.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Barclays lowered shares of Hexagon from a “hold” rating to an “underweight” rating in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft restated 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, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hexagon has an average rating of “Hold”.
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.
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