Hexagon (OTCMKTS:HXGBY) Shares Pass Below Fifty Day Moving Average – Here’s Why

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.07 and traded as low as $11.50. Hexagon shares last traded at $11.5495, with a volume of 73,998 shares.

Wall Street Analysts Forecast Growth

HXGBY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a research report on Monday, October 27th. BNP Paribas raised Hexagon from a “hold” rating to an “outperform” rating in a research report on Thursday, November 6th. Finally, Pareto Securities lowered Hexagon from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Hexagon Stock Performance

The business’s 50 day simple moving average is $12.07 and its 200-day simple moving average is $11.02. The company has a market cap of $31.00 billion, a price-to-earnings ratio of 44.42, a price-to-earnings-growth ratio of 3.03 and a beta of 1.40.

Hexagon 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.