Hexagon (OTCMKTS:HXGBY) Sees Strong Trading Volume – Still a Buy?

Shares of Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw unusually-high trading volume on Wednesday . Approximately 2,140,033 shares traded hands during mid-day trading, an increase of 313% from the previous session’s volume of 518,795 shares.The stock last traded at $8.8375 and had previously closed at $8.53.

Analysts Set New Price Targets

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

Hexagon Trading Up 3.6%

The company has a market cap of $23.73 billion, a P/E ratio of 10.16 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 business has a 50-day moving average price of $10.57 and a two-hundred day moving average price of $10.90.

Hexagon (OTCMKTS:HXGBY) last released its earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $1.13 billion for 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 0.38 EPS for the current 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.