Hurco Companies (NASDAQ:HURC) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Hurco Companies (NASDAQ:HURC) from a hold rating to a sell rating in a research note issued to investors on Monday.

Hurco Companies Price Performance

Shares of NASDAQ:HURC opened at $20.02 on Monday. Hurco Companies has a fifty-two week low of $14.82 and a fifty-two week high of $28.20. The business’s fifty day moving average price is $20.47 and its two-hundred day moving average price is $19.20. The stock has a market capitalization of $129.13 million, a price-to-earnings ratio of -7.82 and a beta of 0.43.

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

Institutional Investors Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation grew its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the quarter. Hurco Companies makes up 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th largest position. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.