StockNews.com Downgrades Hurco Companies (NASDAQ:HURC) to Sell

Hurco Companies (NASDAQ:HURC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Hurco Companies Stock Up 7.8 %

HURC stock opened at $21.58 on Monday. The company’s 50-day simple moving average is $20.46 and its 200-day simple moving average is $19.24. Hurco Companies has a 52-week low of $14.82 and a 52-week high of $28.20. The firm has a market cap of $139.19 million, a P/E ratio of -8.43 and a beta of 0.43.

Hurco Companies (NASDAQ:HURC) last released its quarterly earnings results on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation grew its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,555 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,314 shares during the quarter. Hurco Companies comprises approximately 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th biggest position. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 74.36% of the company’s stock.

Hurco Companies Company Profile

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.