Hurco Companies (NASDAQ:HURC - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Wednesday.
Hurco Companies Stock Up 0.3 %
Shares of NASDAQ HURC traded up $0.06 during trading hours on Wednesday, hitting $22.46. The company had a trading volume of 26,034 shares, compared to its average volume of 16,784. The stock has a market capitalization of $149.13 million, a P/E ratio of -8.77 and a beta of 0.43. The firm's 50 day moving average is $20.26 and its 200-day moving average is $19.69. Hurco Companies has a 1-year low of $14.82 and a 1-year high of $28.20.
Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share (EPS) for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.
Institutional Investors Weigh In On Hurco Companies
A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation boosted its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 27.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,555 shares of the scientific and technical instruments company's stock after acquiring an additional 5,314 shares during the quarter. Hurco Companies accounts for about 0.1% of George Kaiser Family Foundation's portfolio, making the stock its 17th largest position. George Kaiser Family Foundation owned 0.38% of Hurco Companies worth $517,000 at the end of the most recent quarter. 74.36% of the stock is currently owned by institutional investors.
Hurco Companies Company Profile
(
Get Free Report)
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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