Shares of Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.99 and traded as high as $21.00. Hurco Companies shares last traded at $20.82, with a volume of 8,430 shares traded.
Hurco Companies Stock Performance
The business's 50 day simple moving average is $19.46 and its 200 day simple moving average is $17.99.
Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its earnings results on Friday, September 6th. The scientific and technical instruments company reported ($1.47) EPS for the quarter. The firm had revenue of $42.65 million for the quarter. Hurco Companies had a negative return on equity of 5.87% and a negative net margin of 6.40%.
Insider Activity
In other news, major shareholder Polar Asset Management Partner sold 24,300 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $22.50, for a total value of $546,750.00. Following the sale, the insider now directly owns 806,943 shares of the company's stock, valued at approximately $18,156,217.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.20% of the company's stock.
Institutional Investors Weigh In On Hurco Companies
An institutional investor recently bought a new position in Hurco Companies stock. George Kaiser Family Foundation acquired a new stake in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,241 shares of the scientific and technical instruments company's stock, valued at approximately $294,000. Hurco Companies makes up 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 17th largest holding. George Kaiser Family Foundation owned approximately 0.30% of Hurco Companies at the end of the most recent reporting period. 74.36% of the stock is currently owned by institutional investors.
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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