Hexagon (OTCMKTS:HXGBY) Sees Strong Trading Volume – Time to Buy?

Shares of Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw strong trading volume on Monday . 302,752 shares traded hands during trading, an increase of 23% from the previous session’s volume of 246,904 shares.The stock last traded at $11.78 and had previously closed at $11.7650.

Analyst Ratings Changes

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

Hexagon Stock Up 0.7%

The firm’s 50 day simple moving average is $11.85 and its 200-day simple moving average is $11.38. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $31.78 billion, a price-to-earnings ratio of 45.54, a price-to-earnings-growth ratio of 3.32 and a beta of 1.42.

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.