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

Hexagon AB (publ) (OTCMKTS:HXGBY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.28 and traded as low as $11.11. Hexagon AB (publ) shares last traded at $11.25, with a volume of 121,146 shares changing hands.

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an “underweight” rating on shares of Hexagon AB (publ) in a research report on Monday, February 3rd.

Hexagon AB (publ) Stock Performance

The business has a 50 day moving average price of $11.34 and a 200-day moving average price of $10.17.

Hexagon AB (publ) (OTCMKTS:HXGBY) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01.

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.