Hurco Companies (NASDAQ:HURC – Get Free Report) announced its earnings results on Friday. The scientific and technical instruments company reported $0.35 earnings per share (EPS) for the quarter, Zacks reports. Hurco Companies had a negative net margin of 6.92% and a negative return on equity of 6.37%.
Hurco Companies Trading Up 0.8%
HURC stock opened at $22.99 on Friday. The stock has a 50-day moving average price of $22.11 and a two-hundred day moving average price of $18.96. Hurco Companies has a 1 year low of $14.50 and a 1 year high of $24.49. The stock has a market cap of $148.98 million, a PE ratio of -11.73 and a beta of 0.70.
Institutional Inflows and Outflows
A hedge fund recently raised its position in Hurco Companies stock. Marshall Wace LLP increased its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC – Free Report) by 180.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 75,246 shares of the scientific and technical instruments company’s stock after buying an additional 48,397 shares during the period. Marshall Wace LLP owned 1.14% of Hurco Companies worth $1,163,000 as of its most recent filing with the SEC. 74.36% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Check Out Our Latest Report on Hurco Companies
About Hurco Companies
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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