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

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

Hurco Companies Stock Up 4.1 %

NASDAQ:HURC opened at $18.60 on Tuesday. The stock’s 50 day moving average price is $20.25 and its two-hundred day moving average price is $20.12. The firm has a market capitalization of $123.58 million, a price-to-earnings ratio of -7.27 and a beta of 0.43. Hurco Companies has a 12-month low of $14.82 and a 12-month high of $28.20.

Hurco Companies (NASDAQ:HURC) last announced 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 Transactions at Hurco Companies

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 3,395 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.62, for a total transaction of $76,794.90. Following the transaction, the insider now owns 775,582 shares in the company, valued at $17,543,664.84. This trade represents a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation boosted its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,555 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,314 shares during the period. Hurco Companies accounts for about 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th biggest position. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.