Hurco Companies (NASDAQ:HURC) Posts Quarterly Earnings Results

Hurco Companies (NASDAQ:HURC) posted its earnings results on Friday. The scientific and technical instruments company reported $0.35 earnings per share (EPS) for the quarter, Zacks reports. Hurco Companies had a negative return on equity of 6.37% and a negative net margin of 6.92%.

Hurco Companies Trading Up 7.1%

Shares of Hurco Companies stock opened at $22.80 on Friday. The firm has a market cap of $147.74 million, a PE ratio of -11.63 and a beta of 0.70. The stock has a 50 day moving average of $22.10 and a 200 day moving average of $18.94. Hurco Companies has a 12 month low of $14.50 and a 12 month high of $23.75.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Hurco Companies in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Hurco Companies

A hedge fund recently raised its position in Hurco Companies stock. Marshall Wace LLP increased its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 180.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,246 shares of the scientific and technical instruments company’s stock after purchasing an additional 48,397 shares during the quarter. Marshall Wace LLP owned approximately 1.14% of Hurco Companies worth $1,163,000 as of its most recent SEC filing. 74.36% of the stock is owned by institutional investors.

About Hurco Companies

Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company’s product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.

Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.