Hurco Companies, Inc. (NASDAQ:HURC – Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 24,400 shares, a drop of 5.1% from the December 15th total of 25,700 shares. Based on an average daily trading volume, of 16,400 shares, the short-interest ratio is presently 1.5 days. Approximately 0.4% of the company’s stock are sold short.
Analyst Ratings Changes
Separately, StockNews.com lowered Hurco Companies from a “hold” rating to a “sell” rating in a research report on Monday.
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Institutional Inflows and Outflows
Hurco Companies Stock Performance
Shares of HURC opened at $20.02 on Tuesday. The company has a market capitalization of $129.13 million, a PE ratio of -7.82 and a beta of 0.43. The company’s 50 day moving average price is $20.47 and its 200 day moving average price is $19.20. Hurco Companies has a 52 week low of $14.82 and a 52 week high of $28.20.
Hurco Companies (NASDAQ:HURC – Get Free Report) last posted its quarterly earnings results on Friday, January 10th. The scientific and technical instruments company reported ($0.23) EPS for the quarter. Hurco Companies had a negative net margin of 6.40% and a negative return on equity of 5.87%.
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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