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

Hurco Companies, Inc. (NASDAQ:HURC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.11 and traded as high as $20.05. Hurco Companies shares last traded at $20.02, with a volume of 18,903 shares trading hands.

Analyst Upgrades and Downgrades

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

Hurco Companies Stock Performance

The company has a market cap of $129.13 million, a P/E ratio of -7.82 and a beta of 0.43. The stock has a 50-day moving average of $20.51 and a two-hundred day moving average of $19.11.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share for the quarter. Hurco Companies had a negative return on equity of 5.87% and a negative net margin of 6.40%.

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation increased its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,555 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,314 shares during the period. Hurco Companies comprises about 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest holding. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.