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

StockNews.com lowered shares of Hurco Companies (NASDAQ:HURCFree Report) from a hold rating to a sell rating in a research note published on Thursday morning.

Separately, TheStreet raised Hurco Companies from a c+ rating to a b- rating in a research note on Friday, March 8th.

Check Out Our Latest Stock Report on Hurco Companies

Hurco Companies Trading Down 1.2 %

Shares of Hurco Companies stock opened at $17.80 on Thursday. The company has a market cap of $115.81 million, a PE ratio of 84.76 and a beta of 0.40. The company has a 50 day moving average of $18.56 and a 200-day moving average of $21.28. Hurco Companies has a 1-year low of $17.04 and a 1-year high of $28.20.

Hurco Companies (NASDAQ:HURCGet Free Report) last released its earnings results on Friday, March 8th. The scientific and technical instruments company reported ($0.25) earnings per share for the quarter. Hurco Companies had a return on equity of 0.63% and a net margin of 0.65%. The business had revenue of $45.06 million for the quarter.

Hurco Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a $0.16 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.64 dividend on an annualized basis and a yield of 3.60%. Hurco Companies’s dividend payout ratio is currently 304.76%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC boosted its position in Hurco Companies, Inc. (NASDAQ:HURCFree Report) by 18.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,859 shares of the scientific and technical instruments company’s stock after purchasing an additional 30,427 shares during the period. Pacific Ridge Capital Partners LLC owned 3.00% of Hurco Companies worth $4,348,000 at the end of the most recent quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.

Hurco Companies Company Profile

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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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