Hurco Companies (NASDAQ:HURC - Get Free Report) announced its quarterly earnings results on Friday. The scientific and technical instruments company reported ($0.62) earnings per share (EPS) for the quarter, RTT News reports. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%. The company had revenue of $40.87 million for the quarter.
Hurco Companies Price Performance
NASDAQ:HURC traded down $0.62 during mid-day trading on Monday, hitting $13.28. 35,327 shares of the company's stock were exchanged, compared to its average volume of 19,621. Hurco Companies has a one year low of $13.22 and a one year high of $23.76. The business has a fifty day moving average price of $14.75 and a 200 day moving average price of $17.84. The company has a market cap of $86.11 million, a PE ratio of -5.19 and a beta of 0.45.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Hurco Companies from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th.
View Our Latest Stock Analysis on Hurco Companies
Insider Buying and Selling
In related news, major shareholder Polar Asset Management Partner sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $15.50, for a total value of $46,500.00. Following the sale, the insider now owns 766,582 shares in the company, valued at $11,882,021. This represents a 0.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 9,000 shares of company stock worth $140,370 in the last 90 days. Insiders own 8.70% of the company's stock.
Hurco Companies Company Profile
(
Get Free Report)
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.
Further Reading
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