Hexagon (OTCMKTS:HXGBY) Sees Strong Trading Volume – Should You Buy?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw unusually-high trading volume on Tuesday . Approximately 903,357 shares were traded during mid-day trading, an increase of 273% from the previous session’s volume of 242,493 shares.The stock last traded at $11.60 and had previously closed at $11.6450.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HXGBY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hexagon in a research note on Monday, October 27th. Pareto Securities downgraded Hexagon from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Finally, BNP Paribas upgraded shares of Hexagon from a “hold” rating to an “outperform” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Hexagon Price Performance

The stock’s 50 day simple moving average is $11.95 and its 200-day simple moving average is $11.22. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 0.89. The company has a market capitalization of $31.41 billion, a PE ratio of 45.00, a price-to-earnings-growth ratio of 3.33 and a beta of 1.42.

Hexagon Company Profile

Hexagon AB (publ) provides geospatial and industrial enterprise solutions worldwide. The company offers analysis and management, machine control, embedded electronics, monitoring, and planning and optimization solutions to agriculture division; 3D design and visualization, enterprise asset and asset lifecycle management, OT/ICS cyber security, engineering and schematics, enterprise project performance, operation and maintenance, procurement, fabrication, and construction services for asset lifecycle intelligence division; GNSS and SMART antennas, anti-jam systems, autonomy kits and services, correction services, GNSS/INS receivers and post processing, resilience and integrity technology, and visualization software for autonomy and positioning division; and 3D surveillance, AEC and survey software, geospatial content, machine control, digital realities platform, laser scanning and measurement tools, levels, total stations, airborne, monitoring, document and verification solutions, detection, GNSS, and mobile mapping system to geosystem division.