Hexagon AB (publ) (OTCMKTS:HXGBY) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Hexagon AB (publ) (OTCMKTS:HXGBY) crossed 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.

Wall Street Analysts Forecast Growth

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

Hexagon AB (publ) Stock Performance

The company’s 50 day moving average is $9.74 and its 200-day moving average is $10.34.

Hexagon AB (publ) (OTCMKTS:HXGBY) last released its quarterly earnings data on Friday, October 25th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $1.43 billion for the quarter.

Hexagon AB (publ) Company Profile

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.