Hurco Companies (NASDAQ:HURC) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Hurco Companies, Inc. (NASDAQ:HURC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.74 and traded as high as $20.00. Hurco Companies shares last traded at $19.44, with a volume of 10,456 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Hurco Companies from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

Hurco Companies Price Performance

The firm has a market cap of $125.39 million, a price-to-earnings ratio of -9.87 and a beta of 0.40. The firm’s fifty day moving average is $21.52 and its 200-day moving average is $18.74.

Insider Activity

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 24,300 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was 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 approximately $18,156,217.50. This represents a 2.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently bought a new position in Hurco Companies stock. George Kaiser Family Foundation purchased a new position in shares of Hurco Companies, Inc. (NASDAQ:HURC) during the second quarter, according to its most recent 13F filing with the 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 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest holding. George Kaiser Family Foundation owned approximately 0.30% of Hurco Companies as of its most recent filing with the SEC. 74.36% of the stock is currently 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.