Hexagon (OTCMKTS:HXGBY) Hits New 52-Week Low – Time to Sell?

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price hit a new 52-week low on Monday . The stock traded as low as $8.3950 and last traded at $8.41, with a volume of 4434 shares. The stock had previously closed at $8.47.

Analyst Ratings Changes

HXGBY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a report on Monday, April 13th. Barclays lowered Hexagon from a “hold” rating to an “underweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Hexagon Price Performance

The company has a market capitalization of $22.74 billion, a price-to-earnings ratio of 9.74 and a beta of 1.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.26 and a current ratio of 3.44. The business has a 50 day moving average price of $10.49 and a 200-day moving average price of $10.83.

Hexagon (OTCMKTS:HXGBY) last issued its earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Hexagon had a return on equity of 9.74% and a net margin of 40.44%.The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.50 billion. Research analysts predict that Hexagon AB Unsponsored ADR will post 0.37 EPS for the current fiscal year.

About Hexagon

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.