Hurco Companies, Inc. (NASDAQ:HURC) Director Janaki Sivanesan Buys 700 Shares

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) Director Janaki Sivanesan acquired 700 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was bought at an average cost of $15.75 per share, for a total transaction of $11,025.00. Following the purchase, the director now directly owns 700 shares of the company's stock, valued at approximately $11,025. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hurco Companies Trading Up 9.5%

Shares of HURC traded up $1.62 during trading hours on Thursday, reaching $18.59. 64,904 shares of the stock traded hands, compared to its average volume of 20,701. Hurco Companies, Inc. has a 52-week low of $13.19 and a 52-week high of $23.76. The company has a market cap of $121.02 million, a P/E ratio of -6.22 and a beta of 0.45. The company's 50-day moving average price is $14.98 and its two-hundred day moving average price is $17.27.

Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its earnings results on Friday, June 6th. The scientific and technical instruments company reported ($0.62) earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 10.58% and a negative return on equity of 9.54%. The business had revenue of $40.87 million for the quarter.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC grew its position in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,958 shares of the scientific and technical instruments company's stock after purchasing an additional 52,667 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent reporting period. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Hurco Companies from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th.

About Hurco Companies

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.

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