Hexagon Composites ASA (HXGCF) Projected to Announce Earnings on Friday

Hexagon Composites ASA (OTCMKTS:HXGCF) will likely be releasing its resultson Friday, November 6th. Analysts expect the company to announce earnings of ($0.0080) per share and revenue of $86.97 million for the quarter.

Hexagon Composites ASA Stock Performance

HXGCF opened at $1.20 on Wednesday. The company’s 50-day simple moving average is $1.35 and its two-hundred day simple moving average is $1.07. Hexagon Composites ASA has a 52-week low of $0.65 and a 52-week high of $1.52.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities upgraded shares of Hexagon Composites ASA from a “hold” rating to a “buy” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Hexagon Composites ASA has a consensus rating of “Buy”.

About Hexagon Composites ASA

Hexagon Composites ASA is a Norway-based company that develops and manufactures lightweight composite pressure cylinders and storage systems for compressed gases. Its products are designed to store and transport gases such as hydrogen, compressed natural gas, renewable natural gas, industrial gases and liquefied petroleum gas, serving applications across clean-energy infrastructure, transportation and industrial markets.

The company’s operations have included composite fuel systems for commercial vehicles and other transportation applications, LPG cylinders for residential and commercial use, and high-pressure cylinders and related technologies for hydrogen and industrial-gas storage.