Hurco Companies (NASDAQ:HURC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Hurco Companies, Inc. (NASDAQ:HURC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.91 and traded as high as $20.49. Hurco Companies shares last traded at $20.11, with a volume of 10,749 shares trading hands.

Hurco Companies Stock Down 1.5 %

The company has a market capitalization of $131.18 million, a PE ratio of -43.72 and a beta of 0.38. The stock’s fifty day moving average price is $18.96 and its two-hundred day moving average price is $17.91.

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

Insider Buying and Selling

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 24,300 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $18,156,217.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is currently owned by insiders.

Institutional Trading of Hurco Companies

A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation purchased a new stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,241 shares of the scientific and technical instruments company’s stock, valued at approximately $294,000. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th biggest position. George Kaiser Family Foundation owned about 0.30% of Hurco Companies as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 74.36% of the company’s stock.

About Hurco Companies

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.