Hurco Companies, Inc. (NASDAQ:HURC – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.78 and traded as high as $22.12. Hurco Companies shares last traded at $22.03, with a volume of 36,503 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Hurco Companies in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.
View Our Latest Stock Analysis on HURC
Hurco Companies Stock Performance
Hurco Companies (NASDAQ:HURC – Get Free Report) last released its quarterly earnings results 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 during the quarter. Hurco Companies had a negative return on equity of 6.37% and a negative net margin of 6.92%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in HURC. Ameriprise Financial Inc. grew its holdings 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 valued at $6,082,000 after purchasing an additional 1,733 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in Hurco Companies in the 3rd quarter worth $322,000. Diamond Hill Capital Management Inc. lifted its holdings in Hurco Companies by 23.3% in 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 buying an additional 13,296 shares in the last quarter. Marshall Wace LLP boosted its position in Hurco Companies by 180.3% in the 4th quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock valued at $1,163,000 after buying an additional 48,397 shares during the last quarter. Finally, Brooklands Fund Management Ltd boosted its position in Hurco Companies by 9.3% in the 4th quarter. Brooklands Fund Management Ltd now owns 305,691 shares of the scientific and technical instruments company’s stock valued at $5,056,000 after buying an additional 26,000 shares during the last quarter. 74.36% of the stock is owned by institutional investors and hedge funds.
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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