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

StockNews.com cut shares of Hurco Companies (NASDAQ:HURC) from a hold rating to a sell rating in a research note released on Tuesday morning.

Hurco Companies Stock Down 4.3 %

HURC opened at $17.80 on Tuesday. The stock has a market cap of $118.26 million, a PE ratio of -6.95 and a beta of 0.43. Hurco Companies has a 52 week low of $14.82 and a 52 week high of $28.20. The business’s fifty day simple moving average is $20.25 and its 200 day simple moving average is $20.12.

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

Insiders Place Their Bets

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 3,395 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.62, for a total transaction of $76,794.90. Following the completion of the transaction, the insider now owns 775,582 shares of the company’s stock, valued at approximately $17,543,664.84. This trade represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation boosted its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,555 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,314 shares during the period. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest position. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 at the end of the most recent reporting period. 74.36% of the stock is currently owned by institutional investors.

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.