Hexagon (OTCMKTS:HXGBY) Issues Quarterly Earnings Results

Hexagon (OTCMKTS:HXGBY) issued its earnings results on Friday. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09, Zacks reports. Hexagon had a net margin of 11.66% and a return on equity of 10.21%.

Hexagon Price Performance

Shares of OTCMKTS HXGBY traded up $0.24 during mid-day trading on Friday, reaching $10.55. 30,142 shares of the company traded hands, compared to its average volume of 524,324. Hexagon has a fifty-two week low of $8.00 and a fifty-two week high of $12.85. The firm has a market cap of $28.32 billion, a PE ratio of 43.96 and a beta of 1.40. The stock has a fifty day simple moving average of $10.10 and a 200-day simple moving average of $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.

Analyst Ratings Changes

A number of equities analysts have issued reports on HXGBY shares. Citigroup reissued a “neutral” rating on shares of Hexagon in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hexagon in a report on Tuesday, September 1st. 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’s stock. Based on data from MarketBeat, the stock 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.