Hurco Companies (NASDAQ:HURC) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Hurco Companies (NASDAQ:HURC) from a hold rating to a buy rating in a research report released on Saturday morning,Wall Street Zen reports.

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

Hurco Companies Price Performance

HURC stock opened at $21.79 on Friday. The stock has a market capitalization of $141.20 million, a PE ratio of -21.16 and a beta of 0.70. The company’s 50-day moving average is $22.10 and its 200-day moving average is $19.14. Hurco Companies has a 1 year low of $14.50 and a 1 year high of $24.49.

Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, September 4th. The scientific and technical instruments company reported $0.35 EPS for the quarter. Hurco Companies had a negative return on equity of 3.37% and a negative net margin of 3.58%.The company had revenue of $47.29 million during the quarter.

Hedge Funds Weigh In On Hurco Companies

Large investors have recently added to or reduced their stakes in the business. Meros Investment Management LP purchased a new stake in shares of Hurco Companies in the second quarter worth approximately $4,838,126. BlackRock Inc. purchased a new position in shares of Hurco Companies during the second quarter valued at approximately $3,619,000. George Kaiser Family Foundation purchased a new position in shares of Hurco Companies during the second quarter valued at approximately $1,846,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Hurco Companies during the second quarter worth $1,702,000. Finally, Marshall Wace LLP raised its position in Hurco Companies by 180.3% in the 4th quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock valued at $1,163,000 after buying an additional 48,397 shares during the last quarter. Institutional investors own 74.36% of the company’s stock.

Hurco Companies Company Profile

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.