Hurco Companies (NASDAQ:HURC) Upgraded at StockNews.com

StockNews.com upgraded shares of Hurco Companies (NASDAQ:HURC) from a sell rating to a hold rating in a research note published on Friday morning.

Hurco Companies Trading Down 2.2 %

Hurco Companies stock opened at $21.97 on Friday. The company has a fifty day simple moving average of $21.61 and a 200-day simple moving average of $18.67. Hurco Companies has a 12-month low of $14.82 and a 12-month high of $28.20. The stock has a market cap of $141.71 million, a P/E ratio of -11.15 and a beta of 0.40.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, September 6th. The scientific and technical instruments company reported ($1.47) EPS for the quarter. The business had revenue of $42.65 million during the quarter. Hurco Companies had a negative net margin of 6.40% and a negative return on equity of 5.87%.

Insider Buying and Selling at Hurco Companies

In other news, major shareholder Polar Asset Management Partner sold 24,300 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $22.50, for a total transaction of $546,750.00. Following the transaction, the insider now directly owns 806,943 shares in the company, valued at $18,156,217.50. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.20% of the stock is currently owned by company insiders.

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation increased its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the period. Hurco Companies comprises 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th largest holding. George Kaiser Family Foundation owned 0.38% of Hurco Companies worth $517,000 as of its most recent filing with the Securities and Exchange Commission. 74.36% of the stock is owned by institutional investors and hedge funds.

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.