Hexagon (OTCMKTS:HXGBY) Sees Large Volume Increase – Still a Buy?

Shares of Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw unusually-high trading volume on Monday . Approximately 302,752 shares traded hands during trading, an increase of 23% from the previous session’s volume of 246,904 shares.The stock last traded at $11.78 and had previously closed at $11.7650.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HXGBY. BNP Paribas upgraded Hexagon from a “hold” rating to an “outperform” rating in a report on Thursday, November 6th. Pareto Securities downgraded shares of Hexagon from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Hexagon Stock Performance

The stock has a market cap of $31.46 billion, a P/E ratio of 45.08, a PEG ratio of 3.32 and a beta of 1.42. The stock has a fifty day simple moving average of $11.86 and a 200-day simple moving average of $11.35. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.28.

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.