StockNews.com upgraded shares of Hurco Companies (NASDAQ:HURC - Free Report) from a sell rating to a hold rating in a research note published on Friday morning.
Hurco Companies Price Performance
NASDAQ HURC traded down $0.50 during trading on Friday, hitting $21.97. 12,428 shares of the company's stock traded hands, compared to its average volume of 22,460. Hurco Companies has a 12-month low of $14.82 and a 12-month high of $28.20. The firm has a market cap of $141.71 million, a P/E ratio of -11.41 and a beta of 0.40. The stock has a fifty day moving average of $21.53 and a two-hundred day moving average of $18.62.
Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its quarterly earnings data on Friday, September 6th. The scientific and technical instruments company reported ($1.47) EPS for the quarter. Hurco Companies had a negative return on equity of 5.87% and a negative net margin of 6.40%. The company had revenue of $42.65 million during the quarter.
Insider Transactions at Hurco Companies
In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 24,300 shares of Hurco Companies stock in a transaction on Monday, October 7th. The stock was sold at an average price of $22.50, for a total transaction of $546,750.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.20% of the company's stock.
Hedge Funds Weigh In On Hurco Companies
An institutional investor recently bought a new position in Hurco Companies stock. George Kaiser Family Foundation purchased a new position in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,241 shares of the scientific and technical instruments company's stock, valued at approximately $294,000. Hurco Companies comprises 0.1% of George Kaiser Family Foundation's holdings, making the stock its 17th largest position. George Kaiser Family Foundation owned approximately 0.30% of Hurco Companies as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 74.36% of the company's stock.
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.
Read More
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
MarketBeat's analysts have just released their top five short plays for January 2025. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
