Hexagon (OTCMKTS:HXGBY) Sees Large Volume Increase – Still a Buy?

Shares of Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw unusually-strong trading volume on Monday . Approximately 302,752 shares traded hands during mid-day 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 Upgrades and Downgrades

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

Hexagon Stock Performance

The stock has a market capitalization of $31.46 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 3.32 and a beta of 1.42. The stock’s 50-day simple moving average is $11.86 and its 200 day simple moving average is $11.35. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.28.

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.