Hurco Companies (NASDAQ:HURC) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Hurco Companies (NASDAQ:HURC) from a hold rating to a sell rating in a research report released on Monday morning.

Hurco Companies Price Performance

Shares of NASDAQ:HURC opened at $21.40 on Monday. The business’s 50-day moving average is $20.46 and its 200 day moving average is $19.26. Hurco Companies has a 1 year low of $14.82 and a 1 year high of $28.20. The firm has a market capitalization of $138.03 million, a P/E ratio of -8.36 and a beta of 0.43.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%.

Institutional Trading of Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation lifted its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,555 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,314 shares during the quarter. Hurco Companies accounts for 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th biggest position. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. 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.