Hexagon (OTCMKTS:HXGBY) Stock Crosses Below 50-Day Moving Average – What’s Next?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.62 and traded as low as $11.14. Hexagon shares last traded at $11.39, with a volume of 185,633 shares traded.

Analyst Upgrades and Downgrades

HXGBY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a report on Monday, October 27th. BNP Paribas Exane upgraded Hexagon from a “hold” rating to an “outperform” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Hexagon currently has a consensus rating of “Hold”.

Hexagon Price Performance

The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $30.58 billion, a PE ratio of 43.81, a PEG ratio of 2.72 and a beta of 1.40. The company’s 50 day moving average price is $11.62 and its 200-day moving average price is $11.61.

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.