Hurco Companies (NASDAQ:HURC) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Hurco Companies, Inc. (NASDAQ:HURC)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.11 and traded as high as $20.05. Hurco Companies shares last traded at $20.02, with a volume of 18,903 shares.

Wall Street Analysts Forecast Growth

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

Hurco Companies Stock Up 10.1 %

The company has a market capitalization of $129.13 million, a PE ratio of -7.82 and a beta of 0.43. The stock’s fifty day moving average price is $20.51 and its two-hundred day moving average price is $19.11.

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

Institutional Trading of Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation lifted its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the quarter. Hurco Companies comprises 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th largest position. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 74.36% of the company’s stock.

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.