Hurco Companies (NASDAQ:HURC) Stock Passes Above 200-Day Moving Average of $21.72

Hurco Companies, Inc. (NASDAQ:HURCGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.72 and traded as high as $24.51. Hurco Companies shares last traded at $24.33, with a volume of 15,534 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Hurco Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th.

Read Our Latest Stock Analysis on HURC

Hurco Companies Stock Performance

The firm has a market cap of $160.82 million, a P/E ratio of 36.86 and a beta of 0.44. The firm has a fifty day moving average of $22.54 and a 200-day moving average of $21.72.

Hurco Companies (NASDAQ:HURCGet Free Report) last posted its earnings results on Friday, January 5th. The scientific and technical instruments company reported $0.36 EPS for the quarter. Hurco Companies had a return on equity of 1.93% and a net margin of 1.93%. The firm had revenue of $66.11 million for the quarter.

Institutional Trading of Hurco Companies

Large investors have recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. increased its position in shares of Hurco Companies by 8.3% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 19,500 shares of the scientific and technical instruments company’s stock valued at $422,000 after purchasing an additional 1,500 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Hurco Companies by 25.4% in the 1st quarter. Ameriprise Financial Inc. now owns 307,622 shares of the scientific and technical instruments company’s stock worth $7,789,000 after acquiring an additional 62,353 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in shares of Hurco Companies by 27.2% in the 2nd quarter. Kennedy Capital Management LLC now owns 74,340 shares of the scientific and technical instruments company’s stock worth $1,609,000 after acquiring an additional 15,902 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Hurco Companies by 3.3% in the 1st quarter. Geode Capital Management LLC now owns 58,120 shares of the scientific and technical instruments company’s stock worth $1,472,000 after acquiring an additional 1,878 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Hurco Companies by 2.8% in the 1st quarter. Bank of New York Mellon Corp now owns 31,213 shares of the scientific and technical instruments company’s stock worth $984,000 after acquiring an additional 858 shares during the last quarter. 71.43% of the stock is currently owned by institutional investors and hedge funds.

About Hurco Companies

(Get Free Report)

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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