Hurco Companies (NASDAQ:HURC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hurco Companies (NASDAQ:HURC) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Hurco Companies in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hurco Companies Price Performance

NASDAQ HURC opened at $22.58 on Friday. The company’s 50 day simple moving average is $22.11 and its two-hundred day simple moving average is $19.19. Hurco Companies has a 1 year low of $14.50 and a 1 year high of $24.49. The stock has a market capitalization of $146.32 million, a PE ratio of -21.92 and a beta of 0.70.

Hurco Companies (NASDAQ:HURC) last released its quarterly earnings results on Friday, September 4th. The scientific and technical instruments company reported $0.35 EPS for the quarter. The firm had revenue of $47.29 million during the quarter. Hurco Companies had a negative net margin of 3.58% and a negative return on equity of 3.37%.

Hedge Funds Weigh In On Hurco Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP purchased a new stake in shares of Hurco Companies during the 2nd quarter valued at $202,000. Empowered Funds LLC purchased a new position in Hurco Companies in the second quarter worth $569,000. Meros Investment Management LP bought a new position in Hurco Companies in the second quarter valued at $4,838,126. Hsbc Holdings PLC bought a new position in Hurco Companies in the second quarter valued at $357,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Hurco Companies during the second quarter valued at about $511,000. Hedge funds and other institutional investors own 74.36% of the company’s stock.

About Hurco Companies

Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company’s product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.

Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.