Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.26 and traded as high as $20.00. Hurco Companies shares last traded at $19.22, with a volume of 28,769 shares traded.
Hurco Companies Stock Up 1.2%
The company has a 50 day moving average of $16.42 and a 200-day moving average of $17.29. The stock has a market capitalization of $129.78 million, a P/E ratio of -6.67 and a beta of 0.54.
Hurco Companies (NASDAQ:HURC - Get Free Report) last posted its earnings results on Friday, June 6th. The scientific and technical instruments company reported ($0.62) earnings per share (EPS) for the quarter. The company had revenue of $40.87 million during the quarter. Hurco Companies had a negative net margin of 10.58% and a negative return on equity of 9.54%.
Insider Transactions at Hurco Companies
In related news, Chairman Michael Doar bought 3,000 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were bought at an average cost of $20.40 per share, for a total transaction of $61,200.00. Following the completion of the purchase, the chairman owned 226,460 shares of the company's stock, valued at $4,619,784. This represents a 1.34% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 12,820 shares of company stock valued at $220,491 in the last quarter. Company insiders own 8.70% of the company's stock.
Institutional Investors Weigh In On Hurco Companies
A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 16.4% during the first quarter, according to its most recent Form 13F filing with the 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 makes up approximately 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 20th largest holding. George Kaiser Family Foundation owned 0.44% of Hurco Companies worth $443,000 as of its most recent filing with the SEC. 74.36% of the stock is owned by institutional investors.
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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