Hexagon (OTCMKTS:HXGBY) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.97 and traded as low as $11.43. Hexagon shares last traded at $11.5550, with a volume of 188,452 shares traded.

Analysts Set New Price Targets

HXGBY has been the subject of several research reports. BNP Paribas raised Hexagon from a “hold” rating to an “outperform” rating in a research report on Thursday, November 6th. Pareto Securities downgraded shares of Hexagon from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a report on Monday, October 27th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hexagon Price Performance

The stock has a market cap of $31.02 billion, a price-to-earnings ratio of 44.44, a P/E/G ratio of 2.94 and a beta of 1.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $11.97 and its two-hundred day simple moving average is $11.15.

About Hexagon

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.