Hurco Companies (NASDAQ:HURC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Hurco Companies (NASDAQ:HURC) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Hurco Companies Price Performance

Shares of HURC stock traded down $0.46 during trading hours on Tuesday, reaching $21.45. The company had a trading volume of 897 shares, compared to its average volume of 22,832. Hurco Companies has a 12-month low of $14.82 and a 12-month high of $28.20. The stock has a fifty day moving average of $20.24 and a 200-day moving average of $18.15.

Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, September 6th. The scientific and technical instruments company reported ($1.47) earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 6.40% and a negative return on equity of 5.87%. The company had revenue of $42.65 million during the quarter.

Insider Buying and Selling at Hurco Companies

In other news, major shareholder Polar Asset Management Partner sold 24,300 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $22.50, for a total value of $546,750.00. Following the transaction, the insider now owns 806,943 shares of the company’s stock, valued at $18,156,217.50. This represents a 2.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.20% of the stock is currently owned by company insiders.

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation grew its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the 3rd quarter, according to the company in 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 quarter. Hurco Companies accounts for about 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th biggest holding. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.