Hexagon AB (publ) (OTCMKTS:HXGBY) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Hexagon AB (publ) (OTCMKTS:HXGBY)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.74 and traded as low as $9.55. Hexagon AB (publ) shares last traded at $9.56, with a volume of 168,514 shares.

Analyst Ratings Changes

Separately, Citigroup reissued a “neutral” rating on shares of Hexagon AB (publ) in a research report on Friday, May 2nd.

Hexagon AB (publ) Trading Down 3.8%

The firm has a 50-day moving average of $9.74 and a 200 day moving average of $10.27.

Hexagon AB (publ) (OTCMKTS:HXGBY) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.33 billion.

Hexagon AB (publ) Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 8th were issued a $0.0931 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a yield of 0.97%. Hexagon AB (publ)’s dividend payout ratio is currently 9.52%.

Hexagon AB (publ) Company Profile

Hexagon AB (publ) provides geospatial and industrial enterprise solutions worldwide. The company offers analysis and management, machine control, embedded electronics, monitoring, and planning and optimization solutions to agriculture division; 3D design and visualization, enterprise asset and asset lifecycle management, OT/ICS cyber security, engineering and schematics, enterprise project performance, operation and maintenance, procurement, fabrication, and construction services for asset lifecycle intelligence division; GNSS and SMART antennas, anti-jam systems, autonomy kits and services, correction services, GNSS/INS receivers and post processing, resilience and integrity technology, and visualization software for autonomy and positioning division; and 3D surveillance, AEC and survey software, geospatial content, machine control, digital realities platform, laser scanning and measurement tools, levels, total stations, airborne, monitoring, document and verification solutions, detection, GNSS, and mobile mapping system to geosystem division.