Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.80 and traded as high as $17.58. Hurco Companies shares last traded at $16.98, with a volume of 29,472 shares changing hands.
Hurco Companies Stock Up 7.5%
The company has a market cap of $116.67 million, a P/E ratio of -6.00 and a beta of 0.54. The company's 50-day moving average is $18.82 and its two-hundred day moving average is $16.73.
Hurco Companies (NASDAQ:HURC - Get Free Report) last posted its quarterly earnings results on Friday, September 5th. The scientific and technical instruments company reported ($0.58) earnings per share for the quarter. The company had revenue of $45.81 million for the quarter. Hurco Companies had a negative net margin of 10.58% and a negative return on equity of 9.54%. During the same period in the prior year, the firm posted ($1.47) EPS.
Insiders Place Their Bets
In related news, Chairman Michael Doar purchased 4,000 shares of Hurco Companies stock in a transaction that occurred on Monday, June 23rd. The stock was bought at an average price of $15.74 per share, for a total transaction of $62,960.00. Following the completion of the transaction, the chairman owned 219,460 shares in the company, valued at $3,454,300.40. This represents a 1.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 12,820 shares of company stock worth $220,491 in the last three months. 8.70% of the stock is currently 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% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,591 shares of the scientific and technical instruments company's stock after purchasing an additional 4,036 shares during the quarter. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation's portfolio, making the stock its 20th largest holding. George Kaiser Family Foundation owned 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
(
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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