Hurco Companies (NASDAQ:HURC) Upgraded at StockNews.com

StockNews.com upgraded shares of Hurco Companies (NASDAQ:HURCFree Report) from a sell rating to a hold rating in a research note released on Wednesday.

Hurco Companies Trading Down 0.4 %

Shares of HURC stock opened at $16.00 on Wednesday. Hurco Companies has a 1-year low of $14.82 and a 1-year high of $23.76. The company has a market capitalization of $106.30 million, a price-to-earnings ratio of -6.25 and a beta of 0.42. The stock’s fifty day simple moving average is $19.90 and its 200-day simple moving average is $20.08.

Hurco Companies (NASDAQ:HURCGet Free Report) last issued its quarterly earnings results on Friday, March 7th. The scientific and technical instruments company reported ($0.67) earnings per share for the quarter. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%. The business had revenue of $46.41 million for the quarter.

Insider Buying and Selling at Hurco Companies

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 3,395 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.62, for a total value of $76,794.90. Following the transaction, the insider now owns 775,582 shares in the company, valued at $17,543,664.84. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its stake in Hurco Companies, Inc. (NASDAQ:HURCFree Report) by 27.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the period. Hurco Companies makes up approximately 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 owned by institutional investors.

Hurco Companies Company Profile

(Get Free Report)

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.

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