Hexagon (OTCMKTS:HXGBY) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBYGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.23 and traded as low as $10.59. Hexagon shares last traded at $10.80, with a volume of 278,278 shares traded.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a report on Monday, April 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Read Our Latest Report on HXGBY

Hexagon Trading Up 0.6%

The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $29.18 billion, a P/E ratio of 12.49 and a beta of 1.42. The business has a 50 day moving average price of $10.48 and a 200 day moving average price of $11.23.

Hexagon (OTCMKTS:HXGBYGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Hexagon had a net margin of 40.44% and a return on equity of 10.28%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analysts anticipate that Hexagon AB Unsponsored ADR will post 0.32 EPS for the current year.

Hexagon Company Profile

(Get Free Report)

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.

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