Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.98 and traded as high as $18.44. Hurco Companies shares last traded at $17.66, with a volume of 27,856 shares changing hands.
Hurco Companies Trading Down 3.7%
The company has a market capitalization of $108.59 million, a PE ratio of -5.58 and a beta of 0.55. The stock has a fifty day moving average of $18.84 and a two-hundred day moving average of $16.84.
Hurco Companies (NASDAQ:HURC - Get Free Report) last announced its quarterly earnings data on Friday, June 6th. The scientific and technical instruments company reported ($0.62) earnings per share for the quarter. The firm had revenue of $40.87 million for the quarter. Hurco Companies had a negative net margin of 10.58% and a negative return on equity of 9.54%.
Insider Buying and Selling at Hurco Companies
In other news, Chairman Michael Doar acquired 4,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were bought at an average cost of $15.74 per share, with a total value of $62,960.00. Following the acquisition, the chairman owned 219,460 shares in the company, valued at approximately $3,454,300.40. This represents a 1.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders bought 12,820 shares of company stock worth $220,491. 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 boosted its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 16.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,591 shares of the scientific and technical instruments company's stock after acquiring an additional 4,036 shares during the quarter. Hurco Companies accounts for about 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 20th largest holding. George Kaiser Family Foundation owned approximately 0.44% of Hurco Companies worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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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