Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.71 and traded as high as $23.10. Hurco Companies shares last traded at $21.88, with a volume of 69,739 shares.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hurco Companies in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell".
Check Out Our Latest Stock Analysis on HURC
Hurco Companies Stock Performance
The company's 50 day moving average price is $20.17 and its 200-day moving average price is $17.71. The company has a market cap of $141.78 million, a price-to-earnings ratio of -11.16 and a beta of 0.69.
Hurco Companies (NASDAQ:HURC - Get Free Report) last released its earnings results on Friday, June 5th. The scientific and technical instruments company reported ($0.37) EPS for the quarter. The business had revenue of $47.62 million for the quarter. Hurco Companies had a negative net margin of 6.92% and a negative return on equity of 6.37%.
Institutional Investors Weigh In On Hurco Companies
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Diamond Hill Capital Management Inc. boosted its stake in shares of Hurco Companies by 23.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 70,321 shares of the scientific and technical instruments company's stock worth $1,086,000 after acquiring an additional 13,296 shares in the last quarter. Marshall Wace LLP raised its position in shares of Hurco Companies by 180.3% during the fourth quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company's stock worth $1,163,000 after purchasing an additional 48,397 shares during the period. Brooklands Fund Management Ltd lifted its holdings in shares of Hurco Companies by 9.3% during the fourth quarter. Brooklands Fund Management Ltd now owns 305,691 shares of the scientific and technical instruments company's stock valued at $5,056,000 after purchasing an additional 26,000 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Hurco Companies by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company's stock valued at $6,082,000 after purchasing an additional 1,733 shares during the last quarter. Institutional investors and hedge funds own 74.36% of the company's stock.
About Hurco Companies
(
Get Free Report)
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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