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

Key Points

• Hurco shares rose above their 200-day moving average, reaching $22.31 before last trading at $21.07, compared with the 200-day average of $20.25.
• Analyst sentiment remains negative overall: MarketBeat reports a consensus “Sell” rating, despite Wall Street Zen upgrading the stock to “Buy”; Weiss Ratings maintained a “Sell” rating.
• The company reported quarterly EPS of $0.35 on $47.29 million in revenue, but posted a negative net margin of 3.58%. Institutional investors own 74.36% of the stock and several funds recently increased or initiated positions.

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $20.25 and traded as high as $22.31. Hurco Companies shares last traded at $21.07, with a volume of 30,709 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen raised Hurco Companies from a "hold" rating to a "buy" rating in a report on Saturday, September 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Hurco Companies in a research report on Thursday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Hurco Companies presently has a consensus rating of "Sell".

Hurco Companies Trading Down 0.6%

The firm's 50 day simple moving average is $22.05 and its two-hundred day simple moving average is $20.25. The firm has a market cap of $136.53 million, a price-to-earnings ratio of -20.46 and a beta of 0.71.

Hurco Companies (NASDAQ:HURC - Get Free Report) last posted its quarterly earnings data on Friday, September 4th. The scientific and technical instruments company reported $0.35 earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 3.58% and a negative return on equity of 3.37%. The firm had revenue of $47.29 million during the quarter.

Institutional Investors Weigh In On Hurco Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brooklands Fund Management Ltd raised its holdings in Hurco Companies by 15.8% in the 1st quarter. Brooklands Fund Management Ltd now owns 354,068 shares of the scientific and technical instruments company's stock valued at $5,208,000 after acquiring an additional 48,377 shares in the last quarter. Meros Investment Management LP bought a new stake in shares of Hurco Companies during the 2nd quarter valued at $4,838,126. BlackRock Inc. bought a new stake in shares of Hurco Companies during the 2nd quarter valued at $3,619,000. George Kaiser Family Foundation bought a new stake in shares of Hurco Companies during the 2nd quarter valued at $1,846,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Hurco Companies during the 2nd quarter worth $1,702,000. 74.36% of the stock is currently owned by institutional investors and hedge funds.

Hurco Companies Company Profile

Hurco Companies, Inc is an industrial technology company that designs, manufactures, and sells computerized machine tools and related software. Its products are used by manufacturers for precision metalworking, including the production of components for the aerospace, automotive, medical, energy, and general industrial sectors.

The company's product portfolio includes computer numerical control (CNC) machining centers, turning centers, and other machine tools, along with integrated CNC controls and manufacturing software.

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