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

Hurco Companies, Inc. (NASDAQ:HURC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.81 and traded as high as $19.07. Hurco Companies shares last traded at $18.75, with a volume of 7,017 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Hurco Companies from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Hurco Companies Trading Down 0.1 %

The company has a market cap of $120.81 million, a price-to-earnings ratio of -9.51 and a beta of 0.40. The business has a 50-day moving average price of $21.14 and a 200 day moving average price of $18.81.

Insider Buying and Selling

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 24,300 shares of Hurco Companies stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $22.50, for a total transaction of $546,750.00. Following the transaction, the insider now directly owns 806,943 shares in the company, valued at approximately $18,156,217.50. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation acquired a new stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,241 shares of the scientific and technical instruments company’s stock, valued at approximately $294,000. Hurco Companies makes up about 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th largest position. George Kaiser Family Foundation owned about 0.30% of Hurco Companies at the end of the most recent reporting period. 74.36% of the stock is owned by hedge funds and other 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.