Hurco Companies (NASDAQ:HURC) Stock Passes Above 200-Day Moving Average of $34.65

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Hurco Companies, Inc. (NASDAQ:HURC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.65 and traded as high as $36.37. Hurco Companies shares last traded at $35.33, with a volume of 506 shares.

Separately, ValuEngine upgraded Hurco Companies from a “hold” rating to a “buy” rating in a report on Monday, November 4th.

The firm has a fifty day simple moving average of $33.35 and a 200-day simple moving average of $34.62. The company has a market capitalization of $243.55 million, a PE ratio of 10.40 and a beta of 0.83.

Hurco Companies (NASDAQ:HURC) last released its quarterly earnings data on Friday, September 6th. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $58.50 million during the quarter. Hurco Companies had a return on equity of 10.27% and a net margin of 8.27%.

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in Hurco Companies by 428.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,220 shares of the scientific and technical instruments company’s stock valued at $39,000 after acquiring an additional 989 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Hurco Companies in the 3rd quarter worth $114,000. Parametric Portfolio Associates LLC raised its stake in shares of Hurco Companies by 22.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,865 shares of the scientific and technical instruments company’s stock worth $280,000 after buying an additional 1,416 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Hurco Companies by 11.3% in the 3rd quarter. Rhumbline Advisers now owns 10,246 shares of the scientific and technical instruments company’s stock worth $330,000 after buying an additional 1,040 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Hurco Companies by 2.6% in the 1st quarter. First Trust Advisors LP now owns 11,674 shares of the scientific and technical instruments company’s stock worth $471,000 after buying an additional 294 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

About Hurco Companies (NASDAQ:HURC)

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools; machine tools with computer control systems; and industry standard CNC controls, including Fanuc, Siemens, Mitsubishi, or Heidenhain.

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