Hurco Companies (NASDAQ:HURC) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Hurco Companies, Inc. (NASDAQ:HURC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.88 and traded as high as $19.49. Hurco Companies shares last traded at $19.29, with a volume of 10,609 shares trading hands.

Analyst Ratings Changes

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

Hurco Companies Stock Performance

The company’s 50-day moving average price is $21.02 and its 200 day moving average price is $18.88. The stock has a market cap of $124.42 million, a PE ratio of -9.79 and a beta of 0.40.

Insider Buying and Selling at Hurco Companies

In related news, major shareholder Polar Asset Management Partner sold 24,300 shares of Hurco Companies stock in a transaction 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 transaction, the insider now directly owns 806,943 shares in the company, valued at approximately $18,156,217.50. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation bought a new position in Hurco Companies, Inc. (NASDAQ:HURC) in 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 portfolio, making the stock its 17th biggest holding. George Kaiser Family Foundation owned about 0.30% of Hurco Companies at the end of the most recent quarter. Institutional investors own 74.36% of the company’s stock.

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.