Hurco Companies (NASDAQ:HURC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Hurco Companies (NASDAQ:HURC) from a sell rating to a hold rating in a research note released on Tuesday morning.

Hurco Companies Trading Down 1.9 %

HURC stock opened at $21.76 on Tuesday. The firm has a 50 day moving average of $20.09 and a 200-day moving average of $18.10. The firm has a market capitalization of $140.35 million, a P/E ratio of -11.05 and a beta of 0.38. 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 quarterly earnings results on Friday, September 6th. The scientific and technical instruments company reported ($1.47) EPS for the quarter. The firm had revenue of $42.65 million during the quarter. Hurco Companies had a negative net margin of 6.40% and a negative return on equity of 5.87%.

Insider Buying and Selling

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 24,300 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $22.50, for a total value of $546,750.00. Following the sale, the insider now owns 806,943 shares of the company’s stock, valued at $18,156,217.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation lifted its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to its most recent filing with the SEC. The fund 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 makes up 0.1% of George Kaiser Family Foundation’s investment 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 SEC. 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.