Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.74 and traded as high as $20.00. Hurco Companies shares last traded at $19.44, with a volume of 10,456 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com raised Hurco Companies from a "sell" rating to a "hold" rating in a research note on Friday, December 6th.
Check Out Our Latest Research Report on HURC
Hurco Companies Stock Down 0.9 %
The company has a market cap of $125.39 million, a PE ratio of -9.87 and a beta of 0.40. The firm's 50-day moving average is $21.52 and its 200-day moving average is $18.75.
Insiders Place Their Bets
In other news, major shareholder Polar Asset Management Partner sold 24,300 shares of the business's 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 owns 806,943 shares in the company, valued at approximately $18,156,217.50. The trade was a 2.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 7.20% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its stake in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 27.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 quarter. Hurco Companies accounts for 0.1% of George Kaiser Family Foundation's portfolio, making the stock its 17th biggest holding. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 as of its most recent filing with the Securities and Exchange Commission. 74.36% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
Before you consider Hurco Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hurco Companies wasn't on the list.
While Hurco Companies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
