Hexagon (OTCMKTS:HXGBY) Sets New 12-Month Low – Here’s What Happened

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) reached a new 52-week low on Monday . The stock traded as low as $8.3950 and last traded at $8.41, with a volume of 4434 shares. The stock had previously closed at $8.47.

Analyst Ratings Changes

A number of equities analysts have recently commented on HXGBY shares. Barclays cut Hexagon from a “hold” rating to an “underweight” rating in a report on Thursday. 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, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Hexagon Stock Performance

The company has a market capitalization of $22.74 billion, a P/E ratio of 9.74 and a beta of 1.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.44 and a quick ratio of 3.26. The company has a fifty day moving average price of $10.49 and a two-hundred day moving average price of $10.83.

Hexagon (OTCMKTS:HXGBY) last issued its quarterly earnings data 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). Hexagon had a net margin of 40.44% and a return on equity of 9.74%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.50 billion. Equities analysts forecast that Hexagon AB Unsponsored ADR will post 0.37 earnings per share for the current fiscal year.

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.