Hurco Companies (NASDAQ:HURC) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Hurco Companies' stock has surpassed its 200-day moving average of $16.66, reaching a high of $17.88 during trading, and last traded at $17.44.
• The company reported negative earnings of ($0.58) per share for the recent quarter, despite revenue of $45.81 million, indicating a challenging financial performance.
• Insider activity includes the Chairman acquiring 3,000 shares at an average price of $20.40, increasing his ownership in the company.

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report)'s stock price passed 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 trading hands.

Hurco Companies Trading Down 0.3%

The stock has a market cap of $111.65 million, a PE ratio of -8.30 and a beta of 0.54. The company has a fifty day moving average of $18.64 and a 200-day moving average of $16.66.

Hurco Companies (NASDAQ:HURC - Get Free Report) last posted its quarterly earnings data on Friday, September 5th. The scientific and technical instruments company reported ($0.58) earnings per share (EPS) for the quarter. The firm 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 company earned ($1.47) EPS.

Insider Activity

In other news, Chairman Michael Doar acquired 3,000 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were purchased at an average price of $20.40 per share, for a total transaction of $61,200.00. Following the acquisition, the chairman owned 226,460 shares of the company's stock, valued at $4,619,784. This represents a 1.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders acquired 11,700 shares of company stock valued at $204,165. 8.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation lifted its position in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 16.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,591 shares of the scientific and technical instruments company's stock after buying an additional 4,036 shares during the quarter. Hurco Companies makes up 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 20th largest holding. George Kaiser Family Foundation owned approximately 0.44% of Hurco Companies worth $443,000 at the end of the most recent quarter. Institutional investors and hedge funds own 74.36% of the company's stock.

Hurco Companies Company Profile

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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