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

Key Points

• Hurco Companies' stock trades above its 200-day moving average of $16.83, reaching a high of $17.64 during recent trading.
• Weiss Ratings has given Hurco Companies a "sell (d-)" rating, aligning with the average rating of "Sell" from market analysts.
• The company reported a quarterly EPS of ($0.58), with a negative return on equity and revenue of $45.81 million, indicating ongoing financial challenges.

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $16.83 and traded as high as $17.64. Hurco Companies shares last traded at $17.50, with a volume of 52,410 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Hurco Companies in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".

Hurco Companies Price Performance

The stock has a market capitalization of $112 million, a PE ratio of -8.33 and a beta of 0.56. The business's fifty day moving average price is $17.71 and its two-hundred day moving average price is $16.83.

Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its quarterly earnings results on Friday, September 5th. The scientific and technical instruments company reported ($0.58) EPS for the quarter. Hurco Companies had a negative return on equity of 6.67% and a negative net margin of 7.24%.The firm had revenue of $45.81 million for the quarter. During the same period in the prior year, the company posted ($1.47) earnings per share.

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation boosted its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 16.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,591 shares of the scientific and technical instruments company's stock after purchasing 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 holding. 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 currently owned by institutional investors.

About Hurco Companies

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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