StockNews.com upgraded shares of Hurco Companies (NASDAQ:HURC – Free 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:HURC – Get 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
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:HURC – Free 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
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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