Hexagon (OTCMKTS:HXGBY) Sees Large Volume Increase – Time to Buy?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) shares saw unusually-high trading volume on Wednesday . 2,140,033 shares changed hands during trading, an increase of 313% from the previous session’s volume of 518,795 shares.The stock last traded at $8.8375 and had previously closed at $8.53.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HXGBY shares. Barclays lowered Hexagon from a “hold” rating to an “underweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hexagon in a report on Monday, April 13th. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Hexagon Stock Performance

The business’s 50-day simple moving average is $10.52 and its two-hundred day simple moving average is $10.85. The company has a quick ratio of 3.26, a current ratio of 3.44 and a debt-to-equity ratio of 0.19. The firm has a market cap of $22.74 billion, a price-to-earnings ratio of 9.74 and a beta of 1.40.

Hexagon (OTCMKTS:HXGBY) last posted its earnings results on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.50 billion. Hexagon had a net margin of 40.44% and a return on equity of 9.74%. As a group, sell-side analysts expect that Hexagon AB Unsponsored ADR will post 0.37 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.