Hurco Companies (NASDAQ:HURC) Stock Rating Upgraded by StockNews.com

Hurco Companies (NASDAQ:HURC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Hurco Companies Stock Performance

Shares of NASDAQ HURC traded down $0.42 during midday trading on Tuesday, hitting $21.76. The company’s stock had a trading volume of 12,496 shares, compared to its average volume of 22,937. Hurco Companies has a 1-year low of $14.82 and a 1-year high of $28.20. The firm’s fifty day moving average price is $20.00 and its 200-day moving average price is $18.08. The firm has a market cap of $140.35 million, a P/E ratio of -11.05 and a beta of 0.38.

Hurco Companies (NASDAQ:HURC) last posted its quarterly 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 business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $22.50, for a total transaction of $546,750.00. Following the completion of the transaction, the insider now directly owns 806,943 shares of the company’s stock, valued at $18,156,217.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.20% of the stock is currently owned by company insiders.

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation increased its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,555 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,314 shares during the quarter. Hurco Companies accounts for 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th biggest position. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. 74.36% of the stock is currently owned by institutional investors.

About Hurco Companies

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.