Hexagon (OTCMKTS:HXGBY) Sees Strong Trading Volume – Here’s Why

by · The Cerbat Gem

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY – Get Free Report) saw an uptick in trading volume on Tuesday . 903,357 shares traded hands during trading, an increase of 273% from the previous session’s volume of 242,493 shares.The stock last traded at $11.60 and had previously closed at $11.6450.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Pareto Securities lowered Hexagon from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. BNP Paribas upgraded Hexagon from a “hold” rating to an “outperform” rating in a report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hexagon in a research note on Monday, October 27th. One investment 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 MarketBeat.com, Hexagon currently has an average rating of “Hold”.

Check Out Our Latest Report on HXGBY

Hexagon Stock Performance

The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $31.14 billion, a PE ratio of 44.62, a PEG ratio of 3.43 and a beta of 1.42. The firm’s fifty day moving average price is $11.97 and its 200 day moving average price is $11.20.

About Hexagon

(Get Free Report)

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.

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