Hurco Companies (NASDAQ:HURC) Cut to “Sell” at StockNews.com

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

Hurco Companies Trading Up 0.3 %

HURC opened at $22.46 on Wednesday. Hurco Companies has a 12 month low of $14.82 and a 12 month high of $28.20. The company has a 50 day moving average of $20.26 and a 200 day moving average of $19.68. The company has a market cap of $149.13 million, a PE ratio of -8.77 and a beta of 0.43.

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

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation increased its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 0.1% of George Kaiser Family Foundation’s portfolio, 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. 74.36% of the stock is currently owned by hedge funds and other 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.