Hexagon (OTCMKTS:HXGBY) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Shares of Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.62 and traded as low as $11.14. Hexagon shares last traded at $11.39, with a volume of 185,633 shares changing hands.

Analyst Upgrades and Downgrades

HXGBY has been the topic of a number of research reports. BNP Paribas Exane raised shares of Hexagon from a “hold” rating to an “outperform” rating in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research note on Monday, October 27th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hexagon currently has a consensus rating of “Hold”.

Hexagon Price Performance

The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. The stock has a market cap of $30.58 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 2.72 and a beta of 1.40. The company has a 50 day simple moving average of $11.62 and a 200-day simple moving average of $11.61.

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.