Hurco Companies (NASDAQ:HURC) Shares Cross Above 200 Day Moving Average of $30.42

Posted by on Feb 23rd, 2021 // Comments off

Hurco Companies, Inc. (NASDAQ:HURC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.42 and traded as high as $32.74. Hurco Companies shares last traded at $32.04, with a volume of 7,933 shares.

The stock’s 50-day moving average is $31.22 and its 200-day moving average is $30.42. The stock has a market cap of $213.55 million, a price-to-earnings ratio of 139.31 and a beta of 0.64.

Hurco Companies (NASDAQ:HURC) last posted its earnings results on Friday, January 8th. The scientific and technical instruments company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $44.46 million during the quarter. Hurco Companies had a net margin of 0.94% and a return on equity of 2.66%.

A number of institutional investors and hedge funds have recently bought and sold shares of HURC. Polar Asset Management Partners Inc. increased its position in Hurco Companies by 51.7% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 591,643 shares of the scientific and technical instruments company’s stock worth $16,803,000 after purchasing an additional 201,579 shares in the last quarter. BlackRock Inc. increased its position in Hurco Companies by 6.5% during the 4th quarter. BlackRock Inc. now owns 390,997 shares of the scientific and technical instruments company’s stock worth $11,729,000 after purchasing an additional 23,844 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in Hurco Companies during the 3rd quarter worth approximately $220,000. Squarepoint Ops LLC purchased a new position in Hurco Companies in the 3rd quarter worth approximately $214,000. Finally, Royce & Associates LP boosted its holdings in Hurco Companies by 0.4% in the 3rd quarter. Royce & Associates LP now owns 838,753 shares of the scientific and technical instruments company’s stock worth $23,821,000 after acquiring an additional 3,109 shares during the period. 79.85% of the stock is owned by hedge funds and other institutional investors.

Hurco Companies Company Profile (NASDAQ:HURC)

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company's principal products include general-purpose computerized machine tools, including vertical machining centers and turning centers.

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