Hexagon (OTCMKTS:HXGBY) Reaches New 52-Week Low – Here’s What Happened

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $8.62 and last traded at $8.62, with a volume of 11068 shares traded. The stock had previously closed at $10.02.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a research note on Monday, April 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Hexagon Stock Down 13.1%

The company’s 50-day moving average is $10.61 and its 200 day moving average is $10.95. The company has a market capitalization of $22.79 billion, a PE ratio of 9.76 and a beta of 1.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.26 and a current ratio of 3.44.

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 firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.50 billion. As a group, analysts anticipate that Hexagon AB Unsponsored ADR will post 0.38 EPS for the current 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.