Hexagon (OTCMKTS:HXGBY) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.32 and traded as low as $10.81. Hexagon shares last traded at $10.95, with a volume of 307,721 shares traded.

Analyst Ratings Changes

Separately, BNP Paribas Exane upgraded shares of Hexagon from a “hold” rating to an “outperform” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Hexagon presently has a consensus rating of “Hold”.

Hexagon Stock Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 0.87. The stock has a fifty day simple moving average of $11.32 and a two-hundred day simple moving average of $11.61. The firm has a market capitalization of $29.39 billion, a P/E ratio of 45.63, a P/E/G ratio of 2.71 and a beta of 1.40.

Hexagon (OTCMKTS:HXGBY) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. Hexagon had a net margin of 11.26% and a return on equity of 10.86%.

Hexagon Company Profile

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.