Hurco Companies (NASDAQ:HURC) Announces Quarterly Earnings Results

Hurco Companies (NASDAQ:HURC) posted its quarterly earnings data on Friday. The scientific and technical instruments company reported ($0.62) earnings per share (EPS) for the quarter, RTT News reports. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%. The firm had revenue of $40.87 million during the quarter.

Hurco Companies Stock Performance

HURC stock opened at $13.90 on Friday. The firm has a market cap of $90.13 million, a PE ratio of -5.43 and a beta of 0.45. The firm’s 50 day moving average price is $14.80 and its 200-day moving average price is $17.94. Hurco Companies has a one year low of $13.22 and a one year high of $23.76.

Insider Activity

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $15.50, for a total value of $46,500.00. Following the sale, the insider now owns 766,582 shares of the company’s stock, valued at $11,882,021. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 9,000 shares of company stock valued at $140,370. 8.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Hurco Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th.

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.