Hurco Companies (NASDAQ:HURC - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Monday.
Hurco Companies Trading Up 10.1 %
HURC stock traded up $1.83 during trading on Monday, hitting $20.02. The company had a trading volume of 18,903 shares, compared to its average volume of 14,817. The company has a fifty day moving average price of $20.47 and a two-hundred day moving average price of $19.20. Hurco Companies has a fifty-two week low of $14.82 and a fifty-two week high of $28.20. The company has a market cap of $129.13 million, a P/E ratio of -7.82 and a beta of 0.43.
Hurco Companies (NASDAQ:HURC - Get Free Report) last posted its earnings results on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share for the quarter. Hurco Companies had a negative return on equity of 5.87% and a negative net margin of 6.40%.
Institutional Investors Weigh In On Hurco Companies
A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its holdings in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 27.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,555 shares of the scientific and technical instruments company's stock after buying an additional 5,314 shares during the quarter. Hurco Companies makes up 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 as of its most recent SEC filing. 74.36% of the stock is owned by institutional investors and hedge funds.
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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