Hurco Companies (NASDAQ:HURC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Hurco Companies, Inc. (NASDAQ:HURC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.41 and traded as high as $22.96. Hurco Companies shares last traded at $22.76, with a volume of 53,643 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hurco Companies Stock Performance

The firm’s fifty day moving average price is $19.45 and its 200 day moving average price is $17.41. The firm has a market cap of $147.48 million, a P/E ratio of -11.61 and a beta of 0.69.

Hurco Companies (NASDAQ:HURC) last released its quarterly earnings data on Friday, June 5th. The scientific and technical instruments company reported ($0.37) earnings per share (EPS) for the quarter. The business had revenue of $47.62 million for the quarter. Hurco Companies had a negative net margin of 6.92% and a negative return on equity of 6.37%.

Institutional Trading of Hurco Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brooklands Fund Management Ltd increased its holdings in shares of Hurco Companies by 15.8% in the 1st quarter. Brooklands Fund Management Ltd now owns 354,068 shares of the scientific and technical instruments company’s stock valued at $5,208,000 after acquiring an additional 48,377 shares during the period. Marshall Wace LLP raised its position in shares of Hurco Companies by 180.3% in the 4th quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock worth $1,163,000 after acquiring an additional 48,397 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of Hurco Companies by 23.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 70,321 shares of the scientific and technical instruments company’s stock worth $1,086,000 after purchasing an additional 13,296 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Hurco Companies by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company’s stock worth $6,082,000 after purchasing an additional 1,733 shares during the last quarter. Institutional investors own 74.36% of the company’s stock.

Hurco Companies Company Profile

Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company’s product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.

Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.