Hurco Companies (NASDAQ:HURC) Rating Lowered to “Sell” at Wall Street Zen

Hurco Companies (NASDAQ:HURC) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

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

Hurco Companies Price Performance

Shares of NASDAQ HURC opened at $17.27 on Friday. The stock has a fifty day moving average price of $15.96 and a 200 day moving average price of $17.42. Hurco Companies has a 1-year low of $13.19 and a 1-year high of $23.45. The company has a market cap of $110.70 million, a PE ratio of -7.38 and a beta of 0.65.

Hurco Companies (NASDAQ:HURC) last released its earnings results on Friday, January 9th. The scientific and technical instruments company reported ($0.47) EPS for the quarter. Hurco Companies had a negative return on equity of 7.53% and a negative net margin of 8.47%.The firm had revenue of $45.47 million during the quarter.

Institutional Trading of Hurco Companies

Institutional investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. purchased a new position in shares of Hurco Companies in the third quarter valued at $322,000. Ameriprise Financial Inc. boosted its position in shares of Hurco Companies by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company’s stock worth $6,082,000 after buying an additional 1,733 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Hurco Companies in the 3rd quarter valued at about $992,000. Finally, George Kaiser Family Foundation increased its holdings in Hurco Companies by 57.3% during the 2nd quarter. George Kaiser Family Foundation now owns 44,968 shares of the scientific and technical instruments company’s stock valued at $850,000 after acquiring an additional 16,377 shares in the last quarter. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

Hurco Companies Company Profile

Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company’s product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.

Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.