Hexagon (OTCMKTS:HXGBY) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.95 and traded as high as $9.95. Hexagon shares last traded at $9.90, with a volume of 840,021 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HXGBY shares. Barclays cut Hexagon from a “hold” rating to an “underweight” rating in a research report on Thursday, June 18th. Citigroup restated a “neutral” rating on shares of Hexagon in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hexagon currently has an average rating of “Hold”.

Hexagon Stock Performance

The firm has a market capitalization of $27.92 billion, a PE ratio of 43.34 and a beta of 1.40. The company has a quick ratio of 3.26, a current ratio of 3.44 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $8.94 and a 200 day moving average of $10.04.

Hexagon (OTCMKTS:HXGBY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Hexagon had a return on equity of 9.00% and a net margin of 11.66%.The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Equities research analysts predict that Hexagon AB Unsponsored ADR will post 0.37 EPS for the current 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.