Hexagon (OTCMKTS:HXGBY) Shares Pass Below Fifty Day Moving Average - Here's Why

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY - Get Free Report)'s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.07 and traded as low as $11.50. Hexagon shares last traded at $11.5495, with a volume of 73,998 shares.Wall Street Analysts Forecast GrowthHXGBY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Hexagon in a research report on Monday, October 27th. BNP Paribas raised Hexagon from a "hold" rating to an "outperform" rating in a research report on Thursday, November 6th. Finally, Pareto Securities lowered Hexagon from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold".View Our Latest Stock Report on HXGBYHexagon Stock PerformanceThe business's 50 day simple moving average is $12.07 and its 200-day simple moving average is $11.02. The company has a market cap of $31.00 billion, a price-to-earnings ratio of 44.42, a price-to-earnings-growth ratio of 3.03 and a beta of 1.40. Hexagon Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Hexagon3 Warren Buffett Stocks to Buy NowWhirlpool’s Worst May Be Over—Upside Opportunity AheadStock Market Sectors: What Are They and How Many Are There? These 3 Beaten-Down Stocks Could Be Your Best Buying Opportunity This QuarterThe Top 3 Healthcare Dividend Stocks to Buy and HoldHow Does D-Wave Stack Up to Quantum Rivals After Earnings Season?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Hexagon Right Now?Before you consider Hexagon, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hexagon wasn't on the list.While Hexagon currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here