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

Shares of Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) gapped up prior to trading on Monday. The stock had previously closed at $10.31, but opened at $10.82. Hexagon shares last traded at $10.87, with a volume of 3,874 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a research report on Tuesday, September 1st. Citigroup reissued a “neutral” rating on shares of Hexagon in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Hexagon Stock Up 0.4%

The company’s 50 day moving average price is $10.15 and its 200 day moving average price is $10.18.

Hexagon (OTCMKTS:HXGBY) last announced its quarterly earnings results on Friday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Sell-side analysts expect that Hexagon AB Unsponsored ADR will post 0.34 earnings per share for the current fiscal year.

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.