Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.76 and traded as high as $18.05. Hurco Companies shares last traded at $17.95, with a volume of 5,779 shares trading hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Hurco Companies in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of "Sell".
View Our Latest Research Report on HURC
Hurco Companies Stock Up 0.2%
The firm's 50-day simple moving average is $17.92 and its 200 day simple moving average is $16.76. The stock has a market capitalization of $114.92 million, a P/E ratio of -8.55 and a beta of 0.56.
Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its quarterly earnings results on Friday, September 5th. The scientific and technical instruments company reported ($0.58) EPS for the quarter. Hurco Companies had a negative return on equity of 6.67% and a negative net margin of 7.24%.The business had revenue of $45.81 million during the quarter. During the same quarter in the previous year, the business posted ($1.47) EPS.
Institutional Investors Weigh In On Hurco Companies
A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation increased its stake in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 57.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,968 shares of the scientific and technical instruments company's stock after purchasing an additional 16,377 shares during the quarter. Hurco Companies makes up 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 18th largest holding. George Kaiser Family Foundation owned about 0.69% of Hurco Companies worth $850,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.
Further Reading
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