Hurco Companies (NASDAQ:HURC) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Hurco Companies, Inc. (NASDAQ:HURC)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.99 and traded as high as $19.94. Hurco Companies shares last traded at $19.31, with a volume of 11,111 shares trading hands.

Wall Street Analysts Forecast Growth

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

Hurco Companies Trading Down 3.4 %

The company has a fifty day moving average of $20.86 and a 200-day moving average of $18.99. The company has a market capitalization of $120.29 million, a price-to-earnings ratio of -9.47 and a beta of 0.43.

Hurco Companies (NASDAQ:HURC) last released its earnings results on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share for the quarter. Hurco Companies had a negative net margin of 6.40% and a negative return on equity of 5.87%.

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation raised its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the quarter. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th largest position. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 as of its most recent filing with the Securities & Exchange Commission. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

Hurco Companies Company Profile

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.