Hurco Companies (NASDAQ:HURC) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Hurco Companies, Inc. (NASDAQ:HURCGet Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.49 and traded as high as $21.80. Hurco Companies shares last traded at $21.60, with a volume of 34,968 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Hurco Companies from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hurco Companies has a consensus rating of “Sell”.

Get Our Latest Report on Hurco Companies

Hurco Companies Stock Performance

The company has a market capitalization of $139.97 million, a PE ratio of -11.02 and a beta of 0.75. The stock’s fifty day simple moving average is $17.11 and its 200-day simple moving average is $16.49.

Hurco Companies (NASDAQ:HURCGet Free Report) last announced its quarterly earnings data on Friday, June 5th. The scientific and technical instruments company reported ($0.37) earnings per share for the quarter. The company had revenue of $47.62 million for the quarter. Hurco Companies had a negative return on equity of 6.37% and a negative net margin of 6.92%.

Institutional Trading of Hurco Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brooklands Fund Management Ltd increased its position in Hurco Companies by 15.8% during the 1st quarter. Brooklands Fund Management Ltd now owns 354,068 shares of the scientific and technical instruments company’s stock worth $5,208,000 after purchasing an additional 48,377 shares in the last quarter. Ameriprise Financial Inc. increased its position in Hurco Companies by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company’s stock worth $6,082,000 after purchasing an additional 1,733 shares in the last quarter. Marshall Wace LLP increased its position in Hurco Companies by 180.3% during the 4th quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock worth $1,163,000 after purchasing an additional 48,397 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Hurco Companies by 23.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 70,321 shares of the scientific and technical instruments company’s stock worth $1,086,000 after purchasing an additional 13,296 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in Hurco Companies during the 3rd quarter worth approximately $322,000. Institutional investors and hedge funds own 74.36% of the company’s stock.

Hurco Companies Company Profile

(Get Free Report)

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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