Hexagon (OTCMKTS:HXGBY) Shares Gap Up - Time to Buy?

Key Points

• Hexagon shares opened higher, rising from a previous close of $10.31 to $10.82 and last trading at $10.87, though volume was light at 3,874 shares.
• Analyst sentiment remains cautious: one analyst rates the stock Buy, two Hold, and one Sell, resulting in a consensus rating of Hold.
• Hexagon met quarterly EPS estimates at $0.09 and exceeded revenue expectations with $1.18 billion versus $1.14 billion forecast. The stock trades at a price-to-earnings ratio of 24.16, with a market capitalization of $29.18 billion.

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY - Get Free Report)'s share price gapped up before the market opened 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.

Analyst Ratings Changes

HXGBY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Hexagon in a research note on Tuesday, September 1st. Citigroup reiterated a "neutral" rating on shares of Hexagon in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold".

Hexagon Price Performance

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

Hexagon (OTCMKTS:HXGBY - Get Free Report) last issued its earnings results on Friday, October 23rd. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Hexagon had a return on equity of 9.95% and a net margin of 22.96%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. As a group, research analysts anticipate that Hexagon AB Unsponsored ADR will post 0.36 EPS for the current fiscal 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.

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