Hurco Companies (NASDAQ:HURC) Releases Quarterly Earnings Results

Hurco Companies (NASDAQ:HURC) posted its earnings results on Friday. The scientific and technical instruments company reported $0.35 earnings per share (EPS) for the quarter, Zacks reports. Hurco Companies had a negative net margin of 6.92% and a negative return on equity of 6.37%.

Hurco Companies Price Performance

Shares of NASDAQ HURC opened at $22.80 on Friday. The stock’s fifty day moving average price is $22.10 and its two-hundred day moving average price is $18.94. Hurco Companies has a one year low of $14.50 and a one year high of $23.75. The firm has a market cap of $147.74 million, a price-to-earnings ratio of -11.63 and a beta of 0.70.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Marshall Wace LLP lifted its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 180.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,246 shares of the scientific and technical instruments company’s stock after acquiring an additional 48,397 shares during the period. Marshall Wace LLP owned approximately 1.14% of Hurco Companies worth $1,163,000 as of its most recent filing with the SEC. 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.