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

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.51 and traded as high as $9.67. Hexagon shares last traded at $9.64, with a volume of 238,749 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HXGBY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research note on Tuesday, September 1st. Citigroup reaffirmed a “neutral” rating on shares of Hexagon in a research note on Thursday, July 30th. Finally, Barclays lowered shares of Hexagon from a “hold” rating to an “underweight” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Hexagon Stock Up 0.5%

The business’s 50-day simple moving average is $9.51 and its 200 day simple moving average is $9.96. The firm has a market cap of $25.88 billion, a PE ratio of 40.17 and a beta of 1.41. The company has a current ratio of 1.53, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30.

Hexagon (OTCMKTS:HXGBY) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Hexagon had a net margin of 11.66% and a return on equity of 10.21%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.14 billion. As a group, equities research analysts expect that Hexagon AB Unsponsored ADR will post 0.37 earnings per share for the current year.

Hexagon Company Profile

Hexagon AB is a Sweden-based technology company that develops measurement, positioning, visualization and industrial software solutions. Its products help organizations collect, analyze and use precise data to improve productivity, quality, safety and sustainability across physical and digital environments.

The company serves industries including manufacturing, construction, infrastructure, mining, agriculture, aerospace and defense, transportation, and public safety. Its offerings include metrology and manufacturing software, surveying and geospatial technologies, positioning systems, autonomous solutions, digital twins, and software for planning, design and asset management.