Hurco Companies (NASDAQ:HURC) Releases Quarterly Earnings Results

Hurco Companies (NASDAQ:HURC) posted its quarterly earnings results on Friday. The scientific and technical instruments company reported ($0.67) earnings per share for the quarter, Zacks reports. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%.

Hurco Companies Stock Down 6.1 %

HURC opened at $17.26 on Friday. The company has a market cap of $114.68 million, a PE ratio of -6.74 and a beta of 0.42. Hurco Companies has a twelve month low of $14.82 and a twelve month high of $24.09. The company has a 50-day moving average price of $20.19 and a 200 day moving average price of $20.10.

Insider Activity

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Hurco Companies from a “hold” rating to a “sell” rating in a research report on Tuesday.

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.