Hexagon AB (publ) (OTCMKTS:HXGBY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Hexagon AB (publ) (OTCMKTS:HXGBY) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.74 and traded as low as $8.38. Hexagon AB (publ) shares last traded at $8.49, with a volume of 296,848 shares changing hands.

Wall Street Analyst Weigh In

Separately, BNP Paribas upgraded shares of Hexagon AB (publ) from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 31st.

Hexagon AB (publ) Trading Down 0.6 %

The company has a fifty day simple moving average of $9.74 and a 200 day simple moving average of $10.34.

Hexagon AB (publ) (OTCMKTS:HXGBY) last announced its earnings results on Friday, October 25th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $1.43 billion during the quarter.

About Hexagon AB (publ)

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.