Hurco Companies (NASDAQ:HURC) Shares Cross Above 200 Day Moving Average – Time to Sell?

Hurco Companies, Inc. (NASDAQ:HURC) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.88 and traded as high as $19.49. Hurco Companies shares last traded at $19.29, with a volume of 10,609 shares trading hands.

Analysts Set New Price Targets

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 1.1 %

The stock’s 50 day moving average is $21.01 and its two-hundred day moving average is $18.89. The stock has a market capitalization of $126.16 million, a price-to-earnings ratio of -9.93 and a beta of 0.40.

Insider Transactions at Hurco Companies

In related news, major shareholder Polar Asset Management Partner sold 24,300 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $22.50, for a total value of $546,750.00. Following the completion of the transaction, the insider now owns 806,943 shares of the company’s stock, valued at approximately $18,156,217.50. This trade represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation increased its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,555 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,314 shares during the period. Hurco Companies comprises approximately 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th largest holding. George Kaiser Family Foundation owned 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. 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.