Hurco Companies (NASDAQ:HURC) Upgraded 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 Monday morning.

Hurco Companies Stock Performance

Shares of NASDAQ HURC opened at $18.60 on Monday. Hurco Companies has a fifty-two week low of $14.82 and a fifty-two week high of $28.20. The company has a market cap of $123.58 million, a PE ratio of -7.27 and a beta of 0.43. The business has a 50-day simple moving average of $20.30 and a two-hundred day simple moving average of $20.06.

Hurco Companies (NASDAQ:HURC) last released its earnings results 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 7.78% and a negative net margin of 8.90%.

Insider Buying and Selling

In related news, major shareholder Polar Asset Management Partner sold 3,395 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.62, for a total value of $76,794.90. Following the completion of the transaction, the insider now directly owns 775,582 shares in the company, valued at $17,543,664.84. The trade was a 0.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC grew its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,958 shares of the scientific and technical instruments company’s stock after buying an additional 52,667 shares during the period. Pacific Ridge Capital Partners LLC owned 2.85% of Hurco Companies worth $3,645,000 as of its most recent filing with the Securities & Exchange Commission. 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.