Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Sees Significant Decline in Short Interest

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 77,590 shares, a decrease of 49.2% from the June 15th total of 152,872 shares. Based on an average trading volume of 3,785,338 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays cut Hexagon from a “hold” rating to an “underweight” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hexagon in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hexagon currently has an average rating of “Hold”.

Hexagon Stock Performance

HXGBY stock traded down $0.11 on Friday, hitting $8.14. The company’s stock had a trading volume of 303,583 shares, compared to its average volume of 639,592. The stock has a market cap of $21.85 billion, a price-to-earnings ratio of 9.36 and a beta of 1.44. The firm has a 50 day moving average of $9.57 and a two-hundred day moving average of $10.39. The company has a current ratio of 3.44, a quick ratio of 3.26 and a debt-to-equity ratio of 0.19. Hexagon has a 1 year low of $8.00 and a 1 year high of $12.85.

Hexagon (OTCMKTS:HXGBY) last announced its earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). Hexagon had a return on equity of 9.74% and a net margin of 40.44%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.50 billion. Equities analysts predict that Hexagon will post 0.37 EPS 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.