Hexagon AB (publ) (OTCMKTS:HXGBY) Posts Quarterly Earnings Results, Hits Estimates

Hexagon AB (publ) (OTCMKTS:HXGBYGet Rating) released its earnings results on Monday. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12, Yahoo Finance reports. The firm had revenue of $1.43 billion during the quarter.

Hexagon AB (publ) Trading Down 2.5 %

Hexagon AB (publ) stock traded down $0.30 during mid-day trading on Wednesday, hitting $11.41. 71,749 shares of the company’s stock traded hands, compared to its average volume of 94,263. The firm has a 50 day simple moving average of $11.16 and a two-hundred day simple moving average of $10.66. Hexagon AB has a fifty-two week low of $8.49 and a fifty-two week high of $14.84.

Analyst Upgrades and Downgrades

HXGBY has been the subject of a number of analyst reports. Bryan, Garnier & Co initiated coverage on shares of Hexagon AB (publ) in a research note on Wednesday, December 14th. They issued a “sell” rating and a SEK 100 target price for the company. JPMorgan Chase & Co. reduced their price objective on shares of Hexagon AB (publ) from SEK 130 to SEK 107 in a research note on Monday, October 24th. Morgan Stanley reduced their price objective on shares of Hexagon AB (publ) from SEK 107 to SEK 103 and set an “underweight” rating for the company in a research note on Friday, October 14th. Barclays reduced their price objective on shares of Hexagon AB (publ) from SEK 105 to SEK 100 and set an “underweight” rating for the company in a research note on Thursday, October 6th. Finally, Berenberg Bank downgraded shares of Hexagon AB (publ) from a “buy” rating to a “hold” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hexagon AB (publ) presently has a consensus rating of “Hold” and an average target price of $112.83.

About Hexagon AB (publ)

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Hexagon AB engages in the provision of sensor, software, and autonomous solutions. It operates through the Industrial Enterprise Solutions (IES), and Geospatial Enterprise Solutions (GES) segments. The IES segment is composed of metrology systems that incorporate the latest in sensor technology for fast and accurate measurements, as well as CAD and CAM software.

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Earnings History for Hexagon AB (publ) (OTCMKTS:HXGBY)

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