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

Hurco Companies, Inc. (NASDAQ:HURC) crossed 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 traded.

Analysts Set New Price Targets

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

Hurco Companies Price Performance

The company’s fifty day simple moving average is $20.51 and its 200 day simple moving average is $19.14.

Hurco Companies (NASDAQ:HURC) last issued 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 return on equity of 5.87% and a negative net margin of 6.40%.

Institutional Investors Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation raised its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,555 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,314 shares during the period. Hurco Companies makes up about 0.1% of George Kaiser Family Foundation’s portfolio, 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 SEC filing. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

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.