Hurco Companies (NASDAQ:HURC - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday.
Hurco Companies Stock Performance
Shares of NASDAQ:HURC traded down $0.25 on Wednesday, reaching $21.15. The company's stock had a trading volume of 9,808 shares, compared to its average volume of 22,732. The company has a market cap of $136.42 million, a P/E ratio of -10.86 and a beta of 0.38. Hurco Companies has a 52-week low of $14.82 and a 52-week high of $28.20. The company has a 50-day simple moving average of $20.48 and a 200 day simple moving average of $18.22.
Hurco Companies (NASDAQ:HURC - Get Free Report) last announced its earnings results on Friday, September 6th. The scientific and technical instruments company reported ($1.47) earnings per share for the quarter. Hurco Companies had a negative net margin of 6.40% and a negative return on equity of 5.87%. The firm had revenue of $42.65 million during the quarter.
Insider Activity at Hurco Companies
In other news, major shareholder Polar Asset Management Partner sold 24,300 shares of the company's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $22.50, for a total transaction of $546,750.00. Following the transaction, the insider now owns 806,943 shares in the company, valued at $18,156,217.50. This represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.20% of the stock is currently owned by corporate insiders.
Institutional Trading of Hurco Companies
An institutional investor recently bought a new position in Hurco Companies stock. George Kaiser Family Foundation acquired a new position in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,241 shares of the scientific and technical instruments company's stock, valued at approximately $294,000. Hurco Companies makes up 0.1% of George Kaiser Family Foundation's holdings, making the stock its 17th biggest holding. George Kaiser Family Foundation owned about 0.30% of Hurco Companies at the end of the most recent reporting period. 74.36% of the stock is currently owned by institutional investors.
Hurco Companies Company Profile
(
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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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