Hexagon (OTCMKTS:HXGBY) Sees Unusually-High Trading Volume – Here’s Why

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) shares saw an uptick in trading volume on Tuesday . 851,563 shares changed hands during trading, an increase of 245% from the previous session’s volume of 246,633 shares.The stock last traded at $11.6950 and had previously closed at $11.59.

Analyst Ratings Changes

Several analysts recently issued reports on HXGBY shares. Pareto Securities downgraded shares of Hexagon from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a research report on Monday, October 27th. Finally, BNP Paribas raised Hexagon from a “hold” rating to an “outperform” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Hexagon Trading Up 0.9%

The stock has a market cap of $31.39 billion, a P/E ratio of 44.98, a PEG ratio of 3.24 and a beta of 1.42. The firm’s fifty day moving average price is $11.87 and its two-hundred day moving average price is $11.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 0.89.

Hexagon Company Profile

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.