Hexagon (OTCMKTS:HXGBY) Announces Earnings Results

Hexagon (OTCMKTS:HXGBY) released its earnings results on Friday. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09, Zacks reports. Hexagon had a return on equity of 10.21% and a net margin of 11.66%.

Hexagon Trading Up 2.7%

Shares of Hexagon stock traded up $0.28 on Friday, hitting $10.59. 32,694 shares of the company’s stock traded hands, compared to its average volume of 524,336. The firm’s 50-day moving average price is $10.10 and its two-hundred day moving average price is $9.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.53 and a quick ratio of 1.29. The stock has a market capitalization of $28.43 billion, a PE ratio of 44.13 and a beta of 1.40. Hexagon has a one year low of $8.00 and a one year high of $12.85.

Analyst Ratings Changes

Several research firms recently issued reports on HXGBY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a report on Tuesday, September 1st. Citigroup reissued a “neutral” rating on shares of Hexagon in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About Hexagon

Hexagon AB is a Sweden-based technology company that develops digital reality, geospatial, and industrial intelligence solutions. Its products combine sensors, software, and autonomous technologies to help customers measure, design, manufacture, monitor, and manage physical environments and industrial operations.

The company serves industries including surveying and construction, manufacturing, infrastructure, mining, agriculture, public safety, and transportation. Its offerings include surveying instruments, positioning and measurement systems, 3D laser scanning, computer-aided manufacturing software, quality management tools, industrial asset management solutions, and digital twin technologies.