Hexagon (OTCMKTS:HXGBY) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.13 and traded as low as $10.6565. Hexagon shares last traded at $10.72, with a volume of 357,647 shares traded.

Hexagon Stock Performance

The business has a fifty day moving average of $11.13 and a 200 day moving average of $11.57. The company has a market cap of $28.78 billion, a P/E ratio of 44.67, a P/E/G ratio of 2.69 and a beta of 1.40. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 0.24.

Hexagon (OTCMKTS:HXGBY) last released its quarterly earnings results on Friday, January 30th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Hexagon had a net margin of 11.26% and a return on equity of 10.86%.

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.