Hexagon (OTCMKTS:HXGBY) Sees Large Volume Increase – Here’s Why

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY – Get Free Report) saw strong trading volume on Wednesday . 272,963 shares traded hands during mid-day trading, a decline of 45% from the previous session’s volume of 492,095 shares.The stock last traded at $11.43 and had previously closed at $11.17.

Wall Street Analyst Weigh In

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

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Hexagon Stock Down 1.8%

The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $30.31 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.71 and a beta of 1.42. The business has a 50-day moving average price of $10.40 and a 200 day moving average price of $11.07.

Hexagon (OTCMKTS:HXGBY – Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.50 billion. Hexagon had a net margin of 40.44% and a return on equity of 10.28%. On average, equities analysts expect that Hexagon AB Unsponsored ADR will post 0.31 EPS for the current fiscal year.

About Hexagon

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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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