Hexagon Composites ASA (HXGCF) Expected to Post Quarterly Earnings on Thursday

Hexagon Composites ASA (OTCMKTS:HXGCF) is expected to post its resultson Thursday, August 6th. Analysts expect the company to announce earnings of ($0.0394) per share and revenue of $70.9930 million for the quarter.

Hexagon Composites ASA Price Performance

Shares of HXGCF remained flat at $1.10 during trading hours on Tuesday. Hexagon Composites ASA has a 12-month low of $0.65 and a 12-month high of $1.79. The company has a 50 day moving average of $0.97 and a 200-day moving average of $0.92.

Analyst Ratings Changes

Separately, Pareto Securities raised shares of Hexagon Composites ASA from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Hexagon Composites ASA presently has a consensus rating of “Buy”.

Hexagon Composites ASA Company Profile

Hexagon Composites ASA (OTCMKTS: HXGCF) is a Norway‐based industrial company specializing in the design, manufacture and distribution of advanced composite pressure cylinders and gas storage systems. Headquartered in Asker, the company develops Type III and Type IV cylinders engineered to safely store and transport environmentally friendly gases, including compressed natural gas (CNG), renewable natural gas (RNG), hydrogen and liquefied petroleum gas (LPG). Its solutions are used across a broad range of applications—from commercial transport and industrial gas handling to energy refueling stations.

Originally founded in the early 1980s to serve the emerging market for lightweight pressure vessels, Hexagon has expanded through organic growth and strategic acquisitions to become a global leader in composite cylinder technology.