Hurco Companies (NASDAQ:HURC) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Hurco Companies (NASDAQ:HURC) from a sell rating to a hold rating in a report issued on Tuesday morning.

Hurco Companies Stock Performance

Shares of NASDAQ HURC opened at $21.45 on Tuesday. The business has a fifty day moving average of $20.32 and a two-hundred day moving average of $18.17. Hurco Companies has a 52-week low of $14.82 and a 52-week high of $28.20. The stock has a market cap of $138.35 million, a PE ratio of -10.89 and a beta of 0.38.

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

Insiders Place Their Bets

In other news, major shareholder Polar Asset Management Partner sold 24,300 shares of the company’s 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 sale, the insider now owns 806,943 shares in the company, valued at $18,156,217.50. This represents a 2.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On Hurco Companies

An institutional investor recently bought a new position in Hurco Companies stock. George Kaiser Family Foundation bought a new position in shares of Hurco Companies, Inc. (NASDAQ:HURC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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 investment portfolio, making the stock its 17th biggest position. George Kaiser Family Foundation owned 0.30% of Hurco Companies as of its most recent SEC filing. 74.36% of the stock is owned by institutional investors.

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.