Hurco Companies (NASDAQ:HURC) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Hurco shares rose above their 200-day moving average, reaching $21.91 before closing at $21.28, compared with a 200-day average of $18.90.
• Despite the technical rebound, Weiss Ratings reaffirmed a “Sell (D-)” rating, and the stock has a consensus “Sell” rating from the one analyst covering it.
• Hurco reported a quarterly loss of $0.37 per share on $47.62 million in revenue, while institutional investors own approximately 74.36% of the company.

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.90 and traded as high as $21.91. Hurco Companies shares last traded at $21.28, with a volume of 60,188 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hurco Companies in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

Hurco Companies Stock Performance

The business has a fifty day simple moving average of $22.10 and a 200-day simple moving average of $18.90. The firm has a market cap of $137.89 million, a price-to-earnings ratio of -10.86 and a beta of 0.70.

Hurco Companies (NASDAQ:HURC - Get Free Report) last posted 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 return on equity of 6.37% and a negative net margin of 6.92%.

Institutional Trading of Hurco Companies

Several hedge funds have recently modified their holdings of HURC. State of Wyoming bought a new stake in Hurco Companies during the 2nd quarter valued at $199,000. Susquehanna International Group LLP acquired a new position in shares of Hurco Companies during the second quarter valued at about $202,000. Hsbc Holdings PLC bought a new stake in shares of Hurco Companies during the second quarter worth about $357,000. GSA Capital Partners LLP bought a new stake in shares of Hurco Companies during the second quarter worth about $499,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Hurco Companies in the 2nd quarter worth about $511,000. Institutional investors own 74.36% of the company's stock.

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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