Hexagon (OTCMKTS:HXGBY) Shares Gap Down – Should You Sell?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) gapped down before the market opened on Wednesday . The stock had previously closed at $11.40, but opened at $10.70. Hexagon shares last traded at $10.67, with a volume of 1,689 shares changing hands.

Analysts Set New Price Targets

HXGBY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a report on Monday, October 27th. BNP Paribas Exane upgraded Hexagon from a “hold” rating to an “outperform” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Hexagon Stock Down 4.6%

The company’s fifty day simple moving average is $11.60 and its 200 day simple moving average is $11.65. The firm has a market capitalization of $28.54 billion, a P/E ratio of 44.29, a price-to-earnings-growth ratio of 2.73 and a beta of 1.40. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28.

Hexagon (OTCMKTS:HXGBY) last released its quarterly earnings results on Friday, January 30th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. Hexagon had a net margin of 11.26% and a return on equity of 10.87%.

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.