Hurco Companies (NASDAQ:HURC) Stock Rating Upgraded by StockNews.com

Hurco Companies (NASDAQ:HURC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Hurco Companies Stock Performance

NASDAQ:HURC opened at $16.07 on Wednesday. The company has a market cap of $106.77 million, a PE ratio of -6.28 and a beta of 0.42. Hurco Companies has a 52-week low of $14.82 and a 52-week high of $23.76. The stock has a 50-day simple moving average of $19.97 and a 200 day simple moving average of $20.11.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, March 7th. The scientific and technical instruments company reported ($0.67) earnings per share (EPS) for the quarter. The firm had revenue of $46.41 million for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Insider Buying and Selling at Hurco Companies

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 3,395 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.62, for a total value of $76,794.90. Following the completion of the transaction, the insider now directly owns 775,582 shares in the company, valued at $17,543,664.84. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC grew its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,958 shares of the scientific and technical instruments company’s stock after buying an additional 52,667 shares during the period. Pacific Ridge Capital Partners LLC owned 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent quarter. 74.36% of the stock is owned by institutional investors.

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.