Hexagon (OTCMKTS:HXGBY) Shares Gap Down – Here’s Why

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) shares gapped down before the market opened on Thursday . The stock had previously closed at $11.50, but opened at $10.26. Hexagon shares last traded at $10.96, with a volume of 3,739 shares.

Analyst Upgrades and Downgrades

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

Hexagon Price Performance

The stock has a market cap of $29.67 billion, a P/E ratio of 12.70, a PEG ratio of 0.69 and a beta of 1.42. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 0.87. The business’s fifty day moving average price is $10.39 and its 200 day moving average price is $11.08.

Hexagon (OTCMKTS:HXGBY) last posted its 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). The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hexagon had a return on equity of 10.28% and a net margin of 40.44%. Sell-side analysts forecast that Hexagon AB Unsponsored ADR will post 0.31 EPS for the current fiscal year.

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.