Hurco Companies (NASDAQ:HURC) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Technical breakout: Hurco shares moved above their 200‑day moving average of $16.39, trading as high as $17.51 and last at $17.23 on volume of about 29,700 shares (up ~2.8%).
• Weak fundamentals and negative analyst consensus: The company reported a quarterly EPS of -$0.54 with a negative net margin (-8.15%) and ROE (-7.13%), and the stock carries an average "Sell" rating despite a recent upgrade to "Hold" from one firm.
• Significant institutional ownership: Institutions own roughly 74.36% of the shares, and several funds (Ameriprise, Brooklands, Marshall Wace, Diamond Hill) recently increased their stakes, signaling notable institutional inflows.

Shares of Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.39 and traded as high as $17.51. Hurco Companies shares last traded at $17.23, with a volume of 29,708 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HURC. Wall Street Zen upgraded Hurco Companies from a "sell" rating to a "hold" rating in a report on Monday, February 23rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Hurco Companies in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Sell".

Hurco Companies Trading Up 2.8%

The firm has a market cap of $111.13 million, a PE ratio of -7.80 and a beta of 0.75. The business has a fifty day moving average price of $15.97 and a 200 day moving average price of $16.39.

Hurco Companies (NASDAQ:HURC - Get Free Report) last released its quarterly earnings data on Friday, March 6th. The scientific and technical instruments company reported ($0.54) EPS for the quarter. Hurco Companies had a negative net margin of 8.15% and a negative return on equity of 7.13%. The business had revenue of $42.87 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in Hurco Companies by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company's stock worth $6,082,000 after buying an additional 1,733 shares during the period. Brooklands Fund Management Ltd increased its position in Hurco Companies by 9.3% during the fourth quarter. Brooklands Fund Management Ltd now owns 305,691 shares of the scientific and technical instruments company's stock worth $5,056,000 after buying an additional 26,000 shares during the period. Marshall Wace LLP increased its position in Hurco Companies by 180.3% during the fourth quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company's stock worth $1,163,000 after buying an additional 48,397 shares during the period. Diamond Hill Capital Management Inc. increased its position in Hurco Companies by 23.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 70,321 shares of the scientific and technical instruments company's stock worth $1,086,000 after buying an additional 13,296 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in Hurco Companies during the third quarter worth approximately $322,000. Institutional investors and hedge funds own 74.36% of the company's stock.

Hurco Companies Company Profile

Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company's product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.

Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.

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