Hurco Companies (NASDAQ:HURC – Get Free Report) announced its quarterly earnings results on Friday. The scientific and technical instruments company reported ($0.37) earnings per share (EPS) for the quarter, Zacks reports. Hurco Companies had a negative return on equity of 7.13% and a negative net margin of 8.15%.
Hurco Companies Price Performance
Shares of HURC traded up $3.18 during midday trading on Friday, reaching $20.30. 53,537 shares of the stock were exchanged, compared to its average volume of 23,031. The business’s 50-day moving average price is $16.33 and its 200 day moving average price is $16.28. Hurco Companies has a twelve month low of $13.19 and a twelve month high of $21.91. The company has a market capitalization of $130.93 million, a price-to-earnings ratio of -9.18 and a beta of 0.75.
Analysts Set New Price Targets
HURC has been the subject of several recent analyst reports. Wall Street Zen upgraded Hurco Companies from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Hurco Companies in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Hurco Companies stock. Marshall Wace LLP raised its position in Hurco Companies, Inc. (NASDAQ:HURC – Free Report) by 180.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,246 shares of the scientific and technical instruments company’s stock after buying an additional 48,397 shares during the quarter. Marshall Wace LLP owned approximately 1.14% of Hurco Companies worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission. 74.36% of the stock is owned by institutional investors.
Hurco Companies Company Profile
Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company’s product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.
Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.
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