Hurco Companies, Inc. (NASDAQ:HURC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $34.65 and traded as high as $36.37. Hurco Companies shares last traded at $35.33, with a volume of 506 shares changing hands.
Separately, ValuEngine upgraded shares of Hurco Companies from a “hold” rating to a “buy” rating in a report on Monday, November 4th.
The company’s fifty day moving average is $33.22 and its two-hundred day moving average is $34.65. The firm has a market capitalization of $244.09 million, a price-to-earnings ratio of 10.43 and a beta of 0.83.
Hurco Companies (NASDAQ:HURC) last posted its earnings results on Friday, September 6th. The scientific and technical instruments company reported $0.51 earnings per share for the quarter. The company had revenue of $58.50 million for the quarter. Hurco Companies had a net margin of 8.27% and a return on equity of 10.27%.
The company also recently announced a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 1.34%.
A number of institutional investors and hedge funds have recently bought and sold shares of HURC. Tower Research Capital LLC TRC increased its position in shares of Hurco Companies by 428.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,220 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 989 shares in the last quarter. SG Americas Securities LLC bought a new position in Hurco Companies in the third quarter valued at $114,000. Parametric Portfolio Associates LLC grew its position in Hurco Companies by 22.0% in the second quarter. Parametric Portfolio Associates LLC now owns 7,865 shares of the scientific and technical instruments company’s stock valued at $280,000 after purchasing an additional 1,416 shares in the last quarter. Rhumbline Advisers grew its position in Hurco Companies by 11.3% in the third quarter. Rhumbline Advisers now owns 10,246 shares of the scientific and technical instruments company’s stock valued at $330,000 after purchasing an additional 1,040 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Hurco Companies by 2.6% in the first quarter. First Trust Advisors LP now owns 11,674 shares of the scientific and technical instruments company’s stock valued at $471,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.
About Hurco Companies (NASDAQ:HURC)
Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools; machine tools with computer control systems; and industry standard CNC controls, including Fanuc, Siemens, Mitsubishi, or Heidenhain.
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