Hexagon (OTCMKTS:HXGBY) Shares Gap Down – Time to Sell?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $11.45, but opened at $10.62. Hexagon shares last traded at $10.59, with a volume of 809 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a report on Monday, April 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

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Hexagon Stock Performance

The firm has a market cap of $27.25 billion, a price-to-earnings ratio of 11.67 and a beta of 1.40. The company has a quick ratio of 3.26, a current ratio of 3.44 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $10.58 and a 200-day moving average price of $10.98.

Hexagon (OTCMKTS:HXGBY – Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.50 billion. Hexagon had a net margin of 40.44% and a return on equity of 9.74%. On average, analysts expect that Hexagon AB Unsponsored ADR will post 0.39 earnings per share 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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