Hurco Companies (NASDAQ:HURC) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Hurco Companies (NASDAQ:HURC) from a sell rating to a hold rating in a research report released on Thursday.

Hurco Companies Price Performance

NASDAQ:HURC opened at $23.19 on Thursday. The firm’s fifty day moving average price is $20.98 and its 200 day moving average price is $18.41. Hurco Companies has a 1-year low of $14.82 and a 1-year high of $28.20. The firm has a market cap of $149.58 million, a price-to-earnings ratio of -11.77 and a beta of 0.38.

Hurco Companies (NASDAQ:HURC) last released its earnings results on Friday, September 6th. The scientific and technical instruments company reported ($1.47) EPS for the quarter. Hurco Companies had a negative net margin of 6.40% and a negative return on equity of 5.87%. The business had revenue of $42.65 million during the quarter.

Insider Buying and Selling at Hurco Companies

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 24,300 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $22.50, for a total value of $546,750.00. Following the completion of the sale, the insider now owns 806,943 shares of the company’s stock, valued at approximately $18,156,217.50. This trade represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation purchased a new position in shares of Hurco Companies, Inc. (NASDAQ:HURC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,241 shares of the scientific and technical instruments company’s stock, valued at approximately $294,000. Hurco Companies makes up 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest holding. George Kaiser Family Foundation owned 0.30% of Hurco Companies at the end of the most recent reporting period. 74.36% of the stock is owned by institutional investors.

Hurco Companies Company Profile

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.