Hurco Companies (NASDAQ:HURC - Get Free Report) posted its quarterly earnings results on Friday. The scientific and technical instruments company reported ($0.62) earnings per share for the quarter, RTT News reports. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.
Hurco Companies Stock Down 1.9%
NASDAQ HURC opened at $14.22 on Friday. The stock has a market capitalization of $92.20 million, a PE ratio of -5.55 and a beta of 0.49. Hurco Companies has a 52 week low of $13.22 and a 52 week high of $23.76. The firm has a 50 day moving average of $14.83 and a two-hundred day moving average of $18.02.
Insider Transactions at Hurco Companies
In related news, major shareholder Polar Asset Management Partner sold 3,000 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $15.50, for a total value of $46,500.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 9,000 shares of company stock worth $140,370. 8.70% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
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.
Get Our Latest Report on Hurco Companies
About Hurco Companies
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hurco Companies, 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 Hurco Companies wasn't on the list.
While Hurco Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
