Hexagon (OTCMKTS:HXGBY) Shares Gap Up – Here’s Why

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $10.63, but opened at $11.22. Hexagon shares last traded at $11.0012, with a volume of 9,107 shares trading hands.

Wall Street Analyst Weigh In

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

Hexagon Stock Performance

The stock has a 50-day simple moving average of $10.36 and a 200 day simple moving average of $11.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 0.87. The company has a market capitalization of $29.66 billion, a PE ratio of 12.70 and a beta of 1.42.

Hexagon (OTCMKTS:HXGBY) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). Hexagon had a net margin of 40.44% and a return on equity of 10.28%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.50 billion.

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.