Hurco Companies (NASDAQ:HURC - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Wednesday.
Hurco Companies Trading Down 3.7 %
HURC opened at $16.05 on Wednesday. The firm has a market cap of $106.64 million, a P/E ratio of -6.27 and a beta of 0.42. Hurco Companies has a 12 month low of $14.82 and a 12 month high of $23.76. The stock has a 50-day moving average of $20.04 and a 200 day moving average of $20.14.
Hurco Companies (NASDAQ:HURC - Get Free Report) last released its quarterly earnings results on Friday, March 7th. The scientific and technical instruments company reported ($0.67) EPS for the quarter. The company had revenue of $46.41 million during the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.
Insider Buying and Selling
In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 3,395 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.62, for a total value of $76,794.90. Following the completion of the sale, the insider now owns 775,582 shares of the company's stock, valued at $17,543,664.84. This trade represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.70% of the stock is currently owned by company insiders.
Institutional Trading of Hurco Companies
An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC boosted its position in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 188,958 shares of the scientific and technical instruments company's stock after purchasing an additional 52,667 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 2.85% of Hurco Companies worth $3,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors 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.
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