Hexagon AB (publ) (OTCMKTS:HXGBY) Stock Crosses Above 50-Day Moving Average – Here’s Why

Hexagon AB (publ) (OTCMKTS:HXGBY) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.28 and traded as high as $9.77. Hexagon AB (publ) shares last traded at $9.33, with a volume of 215,285 shares.

Analyst Ratings Changes

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 business’s 50-day simple moving average is $9.28 and its two-hundred day simple moving average is $10.03.

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