Hexagon (OTCMKTS:HXGBY) Reaches New 1-Year Low – Here’s Why

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) reached a new 52-week low on Wednesday . The stock traded as low as $8.01 and last traded at $8.02, with a volume of 39959 shares changing hands. The stock had previously closed at $8.46.

Wall Street Analyst Weigh In

HXGBY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research note on Monday, April 13th. Barclays downgraded shares of Hexagon from a “hold” rating to an “underweight” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Hexagon Price Performance

The stock has a 50 day moving average of $9.91 and a 200-day moving average of $10.55. The company has a current ratio of 3.44, a quick ratio of 3.26 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $21.80 billion, a P/E ratio of 9.33 and a beta of 1.44.

Hexagon (OTCMKTS:HXGBY) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). Hexagon had a net margin of 40.44% and a return on equity of 9.74%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.50 billion. On average, equities research analysts anticipate that Hexagon AB Unsponsored ADR will post 0.37 earnings per share for the current fiscal year.

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.