Hexagon (OTCMKTS:HXGBY) Shares Gap Down – Should You Sell?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $11.50, but opened at $10.26. Hexagon shares last traded at $10.96, with a volume of 3,739 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Hexagon Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.87 and a current ratio of 1.01. The firm’s 50-day moving average price is $10.41 and its two-hundred day moving average price is $11.07. The firm has a market capitalization of $30.28 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 0.70 and a beta of 1.42.

Hexagon (OTCMKTS:HXGBY) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.50 billion. Hexagon had a net margin of 40.44% and a return on equity of 10.28%. Sell-side analysts predict that Hexagon AB Unsponsored ADR will post 0.31 earnings per share 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.