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

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

Analysts Set New Price Targets

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

Hexagon Stock Performance

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

Hexagon (OTCMKTS:HXGBY) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hexagon had a net margin of 40.44% and a return on equity of 9.74%. As a group, equities research analysts forecast that Hexagon AB Unsponsored ADR will post 0.38 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.