Hurco Companies (NASDAQ:HURC) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Shares of Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.88 and traded as high as $19.49. Hurco Companies shares last traded at $19.29, with a volume of 10,609 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Hurco Companies from a "sell" rating to a "hold" rating in a research report on Friday, December 6th.

Hurco Companies Stock Up 2.5 %

The company's 50-day moving average is $21.01 and its two-hundred day moving average is $18.89. The company has a market capitalization of $127.58 million, a P/E ratio of -10.04 and a beta of 0.40.

Insider Transactions at Hurco Companies

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 24,300 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $22.50, for a total value of $546,750.00. Following the completion of the sale, the insider now owns 806,943 shares of the company's stock, valued at $18,156,217.50. This represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.20% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation lifted its stake in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 27.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,555 shares of the scientific and technical instruments company's stock after buying an additional 5,314 shares during the period. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation's holdings, making the stock its 17th largest holding. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. Institutional investors own 74.36% of the company's stock.

About Hurco Companies

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.