Hurco Companies, Inc. (NASDAQ:HURC) Director Janaki Sivanesan Purchases 700 Shares

Hurco Companies, Inc. (NASDAQ:HURC) Director Janaki Sivanesan acquired 700 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The shares were purchased at an average cost of $15.75 per share, for a total transaction of $11,025.00. Following the completion of the acquisition, the director now owns 700 shares in the company, valued at $11,025. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hurco Companies Stock Performance

HURC stock opened at $18.59 on Friday. The firm has a market cap of $121.02 million, a P/E ratio of -6.22 and a beta of 0.45. The firm’s fifty day moving average is $15.07 and its 200 day moving average is $17.25. Hurco Companies, Inc. has a 52 week low of $13.19 and a 52 week high of $23.76.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings data on Friday, June 6th. The scientific and technical instruments company reported ($0.62) earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 10.58% and a negative return on equity of 9.54%. The company had revenue of $40.87 million for the quarter.

Institutional Trading of Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC increased its position in Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,958 shares of the scientific and technical instruments company’s stock after buying an additional 52,667 shares during the quarter. Pacific Ridge Capital Partners LLC owned 2.85% of Hurco Companies worth $3,645,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 74.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Hurco Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th.

Hurco Companies Company Profile

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.