Hexagon (OTCMKTS:HXGBY) Shares Gap Up – Should You Buy?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $8.41, but opened at $8.77. Hexagon shares last traded at $8.52, with a volume of 39,394 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HXGBY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hexagon in a research report on Monday, April 13th. Barclays lowered Hexagon to an “underweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Hexagon presently has an average rating of “Hold”.

Hexagon Stock Up 1.1%

The company has a debt-to-equity ratio of 0.19, a current ratio of 3.44 and a quick ratio of 3.26. The business has a 50 day moving average price of $10.55 and a 200 day moving average price of $10.88. The firm has a market capitalization of $23.14 billion, a P/E ratio of 9.91 and a beta of 1.40.

Hexagon (OTCMKTS:HXGBY) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business 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 9.74% and a net margin of 40.44%. On average, analysts predict that Hexagon AB Unsponsored ADR will post 0.37 earnings per share 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.