Hurco Companies, Inc. (NASDAQ:HURC – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.87 and traded as high as $21.32. Hurco Companies shares last traded at $20.85, with a volume of 20,272 shares changing hands.
Hurco Companies Trading Down 1.0 %
The company has a 50 day moving average of $18.66 and a 200-day moving average of $17.89. The firm has a market capitalization of $135.29 million, a P/E ratio of -45.09 and a beta of 0.38.
Hurco Companies (NASDAQ:HURC – Get Free Report) last announced 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 business had revenue of $42.65 million during the quarter.
Insiders Place Their Bets
Hedge Funds Weigh In On Hurco Companies
An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC lifted its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC – Free Report) by 16.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 216,603 shares of the scientific and technical instruments company’s stock after purchasing an additional 31,026 shares during the quarter. Pacific Ridge Capital Partners LLC owned 3.33% of Hurco Companies worth $4,367,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors 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.
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