Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) shares passed 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 Price Performance
The stock has a fifty day moving average price of $18.82 and a 200-day moving average price of $16.67. The company has a market cap of $116.72 million, a PE ratio of -8.54 and a beta of 0.55.
Hurco Companies (NASDAQ:HURC - Get Free Report) last released its earnings results on Friday, September 5th. The scientific and technical instruments company reported ($0.58) earnings per share (EPS) for the quarter. The business 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 period in the prior year, the firm earned ($1.47) EPS.
Insider Activity
In other Hurco Companies news, Chairman Michael Doar bought 3,000 shares of Hurco Companies stock in a transaction dated Wednesday, July 2nd. The stock was bought at an average price of $20.40 per share, for a total transaction of $61,200.00. Following the completion of the acquisition, the chairman directly owned 226,460 shares of the company's stock, valued at approximately $4,619,784. This trade represents a 1.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 12,820 shares of company stock valued at $220,491 in the last ninety days. 8.70% of the stock is owned by corporate insiders.
Institutional Trading of Hurco Companies
A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation boosted its position in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 16.4% in the first quarter, according to the company in its most recent disclosure with the Securities and 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 period. Hurco Companies accounts for approximately 0.1% of George Kaiser Family Foundation's portfolio, making the stock its 20th biggest position. George Kaiser Family Foundation owned about 0.44% of Hurco Companies worth $443,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 74.36% of the company's stock.
About Hurco Companies
(
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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