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

Key Points

• Hurco Companies (NASDAQ: HURC) traded below its 200‑day moving average (200‑day = $16.54), hitting as low as $15.02 and last quoted at $15.50, a technical bearish signal.
• Analysts have a consensus Sell (Weiss reissued a "sell (d-)" while Wall Street Zen moved to "hold"), and the company reported negative EPS of ($0.54), a negative P/E of -7.01 and an -8.15% net margin, highlighting weak fundamentals.
• Despite the weakness, institutional investors own 74.36% of the stock and several funds (e.g., Diamond Hill, Marshall Wace, George Kaiser Family Foundation) recently initiated or increased positions, indicating notable institutional interest.

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.54 and traded as low as $15.02. Hurco Companies shares last traded at $15.50, with a volume of 15,247 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HURC. Weiss Ratings reissued a "sell (d-)" rating on shares of Hurco Companies in a report on Thursday, January 22nd. Wall Street Zen raised Hurco Companies from a "sell" rating to a "hold" rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell".

Hurco Companies Stock Performance

The stock has a market capitalization of $99.91 million, a price-to-earnings ratio of -7.01 and a beta of 0.67. The company has a fifty day simple moving average of $16.31 and a 200 day simple moving average of $16.54.

Hurco Companies (NASDAQ:HURC - Get Free Report) last announced its earnings results on Friday, March 6th. The scientific and technical instruments company reported ($0.54) EPS for the quarter. The company had revenue of $42.87 million for the quarter. Hurco Companies had a negative return on equity of 7.13% and a negative net margin of 8.15%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Hillsdale Investment Management Inc. bought a new position in shares of Hurco Companies in the 3rd quarter worth about $322,000. George Kaiser Family Foundation raised its position in shares of Hurco Companies by 57.3% in the 2nd quarter. George Kaiser Family Foundation now owns 44,968 shares of the scientific and technical instruments company's stock worth $850,000 after acquiring an additional 16,377 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of Hurco Companies in the 3rd quarter worth about $992,000. Marshall Wace LLP raised its position in shares of Hurco Companies by 180.3% in the 4th quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company's stock worth $1,163,000 after acquiring an additional 48,397 shares in the last quarter. Finally, Brooklands Fund Management Ltd raised its position in shares of Hurco Companies by 9.3% in the 4th quarter. Brooklands Fund Management Ltd now owns 305,691 shares of the scientific and technical instruments company's stock worth $5,056,000 after acquiring an additional 26,000 shares in the last quarter. 74.36% of the stock is owned by institutional investors.

Hurco Companies Company Profile

Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company's product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.

Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.

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