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

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) gapped up prior to trading on Monday. The stock had previously closed at $10.31, but opened at $10.82. Hexagon shares last traded at $10.87, with a volume of 3,874 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research report on Tuesday, September 1st. Citigroup reissued a “neutral” rating on shares of Hexagon in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hexagon currently has a consensus rating of “Hold”.

Hexagon Stock Performance

The stock has a market capitalization of $29.18 billion, a P/E ratio of 24.16 and a beta of 1.40. The stock has a 50 day moving average of $10.11 and a 200 day moving average of $9.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.53.

Hexagon (OTCMKTS:HXGBY) last issued its earnings results on Friday, October 23rd. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. Hexagon had a return on equity of 9.95% and a net margin of 22.96%. Equities analysts predict that Hexagon AB Unsponsored ADR will post 0.36 EPS for the current year.

About Hexagon

Hexagon AB is a Sweden-based technology company that develops digital reality, geospatial, and industrial intelligence solutions. Its products combine sensors, software, and autonomous technologies to help customers measure, design, manufacture, monitor, and manage physical environments and industrial operations.

The company serves industries including surveying and construction, manufacturing, infrastructure, mining, agriculture, public safety, and transportation. Its offerings include surveying instruments, positioning and measurement systems, 3D laser scanning, computer-aided manufacturing software, quality management tools, industrial asset management solutions, and digital twin technologies.