Hurco Companies (NASDAQ:HURC) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Hurco Companies, Inc. (NASDAQ:HURC) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.39 and traded as high as $17.51. Hurco Companies shares last traded at $17.23, with a volume of 29,708 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hurco Companies in a research report on Tuesday, April 21st. Wall Street Zen raised Hurco Companies from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hurco Companies Trading Up 2.8%

The firm has a 50 day simple moving average of $15.97 and a two-hundred day simple moving average of $16.39. The company has a market capitalization of $111.13 million, a PE ratio of -7.80 and a beta of 0.75.

Hurco Companies (NASDAQ:HURC) last announced its earnings results on Friday, March 6th. The scientific and technical instruments company reported ($0.54) earnings per share for the quarter. Hurco Companies had a negative net margin of 8.15% and a negative return on equity of 7.13%. The company had revenue of $42.87 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. purchased a new position in shares of Hurco Companies in the 3rd quarter valued at approximately $322,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Hurco Companies in the 3rd quarter valued at approximately $992,000. Marshall Wace LLP grew its stake in shares of Hurco Companies by 180.3% in the 4th quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock valued at $1,163,000 after purchasing an additional 48,397 shares during the last quarter. Brooklands Fund Management Ltd grew its stake in shares of Hurco Companies by 9.3% in the 4th quarter. Brooklands Fund Management Ltd now owns 305,691 shares of the scientific and technical instruments company’s stock valued at $5,056,000 after purchasing an additional 26,000 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Hurco Companies by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company’s stock valued at $6,082,000 after purchasing an additional 1,733 shares during the last quarter. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

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.