StockNews.com Downgrades Hurco Companies (NASDAQ:HURC) to Sell

StockNews.com lowered shares of Hurco Companies (NASDAQ:HURC) from a hold rating to a sell rating in a report published on Wednesday.

Hurco Companies Stock Up 0.3 %

HURC stock opened at $22.46 on Wednesday. Hurco Companies has a 52 week low of $14.82 and a 52 week high of $28.20. The company has a fifty day simple moving average of $20.26 and a two-hundred day simple moving average of $19.68. The firm has a market capitalization of $149.13 million, a P/E ratio of -8.77 and a beta of 0.43.

Hurco Companies (NASDAQ:HURC) last announced 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 net margin of 8.90% and a negative return on equity of 7.78%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation grew its position in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,555 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,314 shares during the period. Hurco Companies makes up 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest position. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.

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.