Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.08 and traded as high as $22.43. Hurco Companies shares last traded at $22.18, with a volume of 19,201 shares trading hands.
Hurco Companies Price Performance
The stock has a 50 day simple moving average of $20.00 and a two-hundred day simple moving average of $18.08. The company has a market cap of $140.35 million, a PE ratio of -11.26 and a beta of 0.38.
Hurco Companies (NASDAQ:HURC - Get Free Report) last released its earnings results on Friday, September 6th. The scientific and technical instruments company reported ($1.47) earnings per share (EPS) for the quarter. The company had revenue of $42.65 million during the quarter. Hurco Companies had a negative net margin of 6.40% and a negative return on equity of 5.87%.
Insider Buying and Selling
In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 24,300 shares of the company's stock in a transaction 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 sale, the insider now owns 806,943 shares of the company's stock, valued at approximately $18,156,217.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.20% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Hurco Companies
A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 27.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,555 shares of the scientific and technical instruments company's stock after acquiring an additional 5,314 shares during the period. Hurco Companies comprises about 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 17th biggest holding. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 74.36% of the company's stock.
About Hurco Companies
(
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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