Hexagon (OTCMKTS:HXGBY) Shares Gap Up – Here’s What Happened

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $8.12, but opened at $8.43. Hexagon shares last traded at $8.4350, with a volume of 22,097 shares.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays downgraded Hexagon from a “hold” rating to an “underweight” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Hexagon Price Performance

The company has a current ratio of 3.44, a quick ratio of 3.26 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $22.63 billion, a PE ratio of 9.69 and a beta of 1.44. The stock’s 50-day moving average is $9.36 and its two-hundred day moving average is $10.26.

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

About Hexagon

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.