Hurco Companies (NASDAQ:HURC – Get Free Report) released its quarterly earnings data on Friday. The scientific and technical instruments company reported ($0.23) earnings per share for the quarter, Zacks reports. Hurco Companies had a negative net margin of 6.40% and a negative return on equity of 5.87%.
Hurco Companies Stock Down 9.3 %
Shares of NASDAQ:HURC opened at $17.51 on Friday. The stock’s 50 day moving average is $20.86 and its 200-day moving average is $18.99. Hurco Companies has a twelve month low of $14.82 and a twelve month high of $28.20. The firm has a market capitalization of $112.94 million, a price-to-earnings ratio of -8.89 and a beta of 0.43.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Hurco Companies from a “sell” rating to a “hold” rating in a report on Friday, December 6th.
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.
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