Hurco Companies (NASDAQ:HURC) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Hurco Companies, Inc. (NASDAQ:HURC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.80 and traded as high as $23.39. Hurco Companies shares last traded at $23.13, with a volume of 25,299 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Hurco Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th.

Hurco Companies Stock Performance

The stock’s 50-day moving average price is $20.22 and its 200-day moving average price is $19.80. The company has a market capitalization of $153.58 million, a price-to-earnings ratio of -9.04 and a beta of 0.43.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share (EPS) for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the period. Hurco Companies accounts for 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th biggest position. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 as of its most recent filing with the SEC. 74.36% of the stock is owned by institutional investors.

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.