Hurco Companies (NASDAQ:HURC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Hurco Companies, Inc. (NASDAQ:HURC)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.18 and traded as high as $17.93. Hurco Companies shares last traded at $17.40, with a volume of 36,454 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hurco Companies Stock Performance

The company’s 50 day moving average price is $17.62 and its 200 day moving average price is $17.18. The company has a market cap of $111.39 million, a price-to-earnings ratio of -8.29 and a beta of 0.56.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings results on Friday, September 5th. The scientific and technical instruments company reported ($0.58) EPS for the quarter. Hurco Companies had a negative return on equity of 6.67% and a negative net margin of 7.24%.The business had revenue of $45.81 million for the quarter. During the same quarter last year, the business posted ($1.47) EPS.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation lifted its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,591 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,036 shares during the quarter. Hurco Companies makes up about 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 20th biggest position. George Kaiser Family Foundation owned approximately 0.44% of Hurco Companies worth $443,000 at the end of the most recent quarter. Institutional investors own 74.36% of the company’s stock.

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.