Hexagon (OTCMKTS:HXGBY) Shares Gap Up – What’s Next?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $8.41, but opened at $8.77. Hexagon shares last traded at $8.52, with a volume of 39,394 shares changing hands.

Wall Street Analyst Weigh In

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

Hexagon Price Performance

The company has a 50 day moving average price of $10.59 and a 200-day moving average price of $10.92. 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 company has a market cap of $22.79 billion, a price-to-earnings ratio of 9.76 and a beta of 1.40.

Hexagon (OTCMKTS:HXGBY) last announced its earnings results on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). Hexagon had a net margin of 40.44% and a return on equity of 9.74%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.50 billion. As a group, equities research analysts predict that Hexagon AB Unsponsored ADR will post 0.38 EPS for the current fiscal year.

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.