Hexagon (OTCMKTS:HXGBY) Hits New 52-Week Low – Here’s What Happened

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $8.3950 and last traded at $8.41, with a volume of 4434 shares. The stock had previously closed at $8.47.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HXGBY shares. Barclays cut shares of Hexagon from a “hold” rating to an “underweight” rating in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a research note on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hexagon presently has a consensus rating of “Hold”.

Hexagon Price Performance

The stock’s 50 day simple moving average is $10.42 and its 200-day simple moving average is $10.79. The firm has a market cap of $21.99 billion, a price-to-earnings ratio of 9.41 and a beta of 1.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.26 and a current ratio of 3.44.

Hexagon (OTCMKTS:HXGBY) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). Hexagon had a return on equity of 9.74% and a net margin of 40.44%.The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.50 billion. Equities research analysts anticipate that Hexagon AB Unsponsored ADR will post 0.37 EPS for the current fiscal 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.