Hurco Companies (NASDAQ:HURC) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Hurco Companies, Inc. (NASDAQ:HURC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.81 and traded as high as $19.07. Hurco Companies shares last traded at $18.75, with a volume of 7,017 shares trading hands.

Wall Street Analyst Weigh In

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

Hurco Companies Stock Performance

The firm has a fifty day moving average of $21.18 and a 200 day moving average of $18.81. The firm has a market capitalization of $120.94 million, a PE ratio of -9.52 and a beta of 0.40.

Insider Transactions at Hurco Companies

In other news, major shareholder Polar Asset Management Partner sold 24,300 shares of the 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.20% of the company’s stock.

Institutional Trading of Hurco Companies

A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation acquired a new position in shares of Hurco Companies, Inc. (NASDAQ:HURC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,241 shares of the scientific and technical instruments company’s stock, valued at approximately $294,000. Hurco Companies accounts for approximately 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest holding. George Kaiser Family Foundation owned about 0.30% of Hurco Companies at the end of the most recent reporting period. 74.36% of the stock is currently owned by institutional investors and hedge funds.

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.