Hurco Companies (NASDAQ:HURC) Shares Cross Above 200 Day Moving Average – Time to Sell?

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 $18.99 and traded as high as $19.94. Hurco Companies shares last traded at $19.31, with a volume of 11,111 shares traded.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on HURC

Hurco Companies Price Performance

The business’s 50-day moving average price is $20.86 and its two-hundred day moving average price is $18.99. The company has a market capitalization of $124.55 million, a P/E ratio of -9.80 and a beta of 0.43.

Institutional Investors Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation raised its holdings in Hurco Companies, Inc. (NASDAQ:HURCFree Report) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the period. Hurco Companies accounts for about 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th largest holding. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. 74.36% of the stock is currently owned by institutional investors and hedge funds.

Hurco Companies Company Profile

(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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