Hurco Companies (HURC) Releases Quarterly Earnings

Hurco Companies (NASDAQ: HURC) issued its quarterly earnings data on Friday. The company reported $0.48 earnings per share for the quarter, StockRatingsNetwork.com reports. The company had revenue of $49.62 million for the quarter, compared to the consensus estimate of $45.97 million.

On a related note, analysts at Sidoti initiated coverage on shares of Hurco Companies in a research note to investors on Wednesday. They set a “buy” rating on the stock.

Shares of Hurco Companies (NASDAQ: HURC) opened at 27.34 on Friday. Hurco Companies has a 52 week low of $19.15 and a 52 week high of $30.50. The stock’s 50-day moving average is currently $26.64. The company has a market cap of $176.3 million and a P/E ratio of 13.47.

Hurco Companies, Inc. (NASDAQ: HURC) is an industrial technology company.

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