Hurco Companies (NASDAQ:HURC) Shares Pass Above 200-Day Moving Average of $18.07

Hurco Companies, Inc. (NASDAQ:HURC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.07 and traded as high as $18.78. Hurco Companies shares last traded at $18.74, with a volume of 11,789 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Hurco Companies from a “hold” rating to a “sell” rating in a research note on Thursday, June 6th.

Hurco Companies Stock Performance

The firm has a 50-day moving average of $17.29 and a 200-day moving average of $18.02. The firm has a market capitalization of $122.31 million, a P/E ratio of -40.76 and a beta of 0.37.

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

Insider Buying and Selling at Hurco Companies

In other Hurco Companies news, CFO Sonja K. Mcclelland acquired 1,950 shares of the company’s stock in a transaction on Tuesday, July 9th. The stock was acquired at an average price of $15.32 per share, for a total transaction of $29,874.00. Following the acquisition, the chief financial officer now owns 81,266 shares in the company, valued at approximately $1,244,995.12. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have bought 2,915 shares of company stock worth $44,565. 7.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation purchased a new position in Hurco Companies, Inc. (NASDAQ:HURC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,241 shares of the scientific and technical instruments company’s stock, valued at approximately $294,000. Hurco Companies makes up about 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest position. George Kaiser Family Foundation owned 0.30% of Hurco Companies at the end of the most recent reporting period. Institutional investors and hedge funds own 74.36% of the company’s stock.

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.