Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.81 and traded as high as $19.07. Hurco Companies shares last traded at $18.75, with a volume of 7,017 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Hurco Companies from a "sell" rating to a "hold" rating in a research report on Friday, December 6th.
Get Our Latest Report on HURC
Hurco Companies Stock Performance
The firm has a market capitalization of $120.94 million, a price-to-earnings ratio of -9.52 and a beta of 0.40. The company has a 50-day moving average price of $21.14 and a 200-day moving average price of $18.81.
Insider Buying and Selling
In related news, major shareholder Polar Asset Management Partner sold 24,300 shares of Hurco Companies stock in a transaction on Monday, October 7th. The shares were sold at an average price of $22.50, for a total transaction of $546,750.00. Following the sale, the insider now directly owns 806,943 shares in the company, valued at $18,156,217.50. This trade represents a 2.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.20% of the stock is owned by company insiders.
Hedge Funds Weigh In On Hurco Companies
A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation bought a new stake in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,241 shares of the scientific and technical instruments company's stock, valued at approximately $294,000. Hurco Companies accounts for about 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 17th biggest position. George Kaiser Family Foundation owned approximately 0.30% of Hurco Companies at the end of the most recent quarter. Institutional investors and hedge funds own 74.36% of the company's stock.
About Hurco Companies
(
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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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