Hurco Companies (NASDAQ:HURC) Shares Pass Above 200 Day Moving Average – Here’s Why

Hurco Companies, Inc. (NASDAQ:HURC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.99 and traded as high as $19.94. Hurco Companies shares last traded at $19.31, with a volume of 11,111 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Hurco Companies from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Hurco Companies Stock Performance

The company has a market capitalization of $120.29 million, a P/E ratio of -9.47 and a beta of 0.43. The stock has a fifty day moving average of $20.86 and a 200 day moving average of $18.99.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) EPS for the quarter. Hurco Companies had a negative return on equity of 5.87% and a negative net margin of 6.40%.

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation raised its position 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 acquiring an additional 5,314 shares during the period. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th biggest holding. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 at the end of the most recent quarter. 74.36% of the stock is owned by institutional investors and hedge funds.

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.