Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.66 and traded as high as $17.88. Hurco Companies shares last traded at $17.44, with a volume of 25,960 shares traded.
Hurco Companies Trading Down 0.3%
The company has a market capitalization of $114.69 million, a PE ratio of -8.53 and a beta of 0.54. The company's 50 day moving average price is $18.48 and its 200-day moving average price is $16.64.
Hurco Companies (NASDAQ:HURC - Get Free Report) last released its quarterly earnings data on Friday, September 5th. The scientific and technical instruments company reported ($0.58) EPS for the quarter. The company had revenue of $45.81 million during the quarter. Hurco Companies had a negative net margin of 7.24% and a negative return on equity of 6.67%. During the same quarter in the previous year, the business earned ($1.47) earnings per share.
Insider Buying and Selling at Hurco Companies
In related news, Chairman Michael Doar acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was purchased at an average cost of $20.40 per share, for a total transaction of $61,200.00. Following the purchase, the chairman directly owned 226,460 shares in the company, valued at $4,619,784. This represents a 1.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have bought 11,700 shares of company stock worth $204,165. 8.70% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Hurco Companies
An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation raised its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 16.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,591 shares of the scientific and technical instruments company's stock after buying an additional 4,036 shares during the period. Hurco Companies comprises approximately 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 20th biggest position. George Kaiser Family Foundation owned approximately 0.44% of Hurco Companies worth $443,000 as of its most recent SEC filing. 74.36% of the stock is owned by hedge funds and other institutional investors.
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.
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