Hurco Companies (NASDAQ:HURC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Hurco Companies, Inc. (NASDAQ:HURC) 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 trading hands.

Analyst Upgrades and Downgrades

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

Hurco Companies Trading Up 10.1 %

The company has a fifty day moving average price of $20.51 and a two-hundred day moving average price of $19.14.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation raised its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 makes up about 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th biggest holding. George Kaiser Family Foundation owned 0.38% of Hurco Companies worth $517,000 as of its most recent filing with the Securities & Exchange Commission. 74.36% of the stock is owned by hedge funds and other institutional investors.

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.