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 Monday . The stock had previously closed at $11.45, but opened at $10.62. Hexagon shares last traded at $10.59, with a volume of 809 shares changing hands.

Wall Street Analysts Forecast Growth

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

Hexagon Trading Up 0.9%

The company has a market cap of $28.62 billion, a P/E ratio of 12.25 and a beta of 1.40. The stock’s 50-day moving average is $10.55 and its two-hundred day moving average is $10.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.44 and a quick ratio of 3.26.

Hexagon (OTCMKTS:HXGBY) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Hexagon had a net margin of 40.44% and a return on equity of 9.74%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.50 billion. As a group, equities research analysts predict that Hexagon AB Unsponsored ADR will post 0.39 earnings per share 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.