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

Hurco Companies (NASDAQ:HURC) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Hurco Companies Stock Performance

Hurco Companies stock opened at $23.19 on Thursday. Hurco Companies has a fifty-two week low of $14.82 and a fifty-two week high of $28.20. The firm’s fifty day moving average price is $20.89 and its 200-day moving average price is $18.37. The stock has a market cap of $149.58 million, a P/E ratio of -11.77 and a beta of 0.38.

Hurco Companies (NASDAQ:HURC) last announced its earnings results on Friday, September 6th. The scientific and technical instruments company reported ($1.47) 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%. The company had revenue of $42.65 million during the quarter.

Insider Transactions at Hurco Companies

In other news, major shareholder Polar Asset Management Partner sold 24,300 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $22.50, for a total transaction of $546,750.00. Following the completion of the sale, the insider now directly owns 806,943 shares in the company, valued at approximately $18,156,217.50. This represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation bought a new stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 largest 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.

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.