Hurco Companies (NASDAQ:HURC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hurco Companies (NASDAQ:HURC) from a sell rating to a hold rating in a research report report published on Monday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hurco Companies in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Hurco Companies Price Performance

Shares of NASDAQ:HURC opened at $17.35 on Monday. The business’s fifty day moving average price is $16.69 and its two-hundred day moving average price is $16.97. Hurco Companies has a fifty-two week low of $13.19 and a fifty-two week high of $21.46. The stock has a market capitalization of $114.86 million, a price-to-earnings ratio of -7.41 and a beta of 0.66.

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

Hedge Funds Weigh In On Hurco Companies

Large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in 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 purchasing an additional 1,733 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Hurco Companies by 23.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 70,321 shares of the scientific and technical instruments company’s stock worth $1,086,000 after acquiring an additional 13,296 shares during the last quarter. George Kaiser Family Foundation lifted its stake in shares of Hurco Companies by 57.3% during the second 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 during the period. Hillsdale Investment Management Inc. bought a new position in Hurco Companies in the third quarter valued at about $322,000. Finally, Brooklands Fund Management Ltd increased its position in Hurco Companies by 9.3% in the fourth quarter. Brooklands Fund Management Ltd now owns 305,691 shares of the scientific and technical instruments company’s stock worth $5,056,000 after purchasing an additional 26,000 shares during the period. 74.36% of the stock is currently owned by institutional investors and hedge funds.

About Hurco Companies

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.