Hurco Companies (NASDAQ:HURC) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Hurco Companies, Inc. (NASDAQ:HURC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.80 and traded as high as $23.39. Hurco Companies shares last traded at $23.13, with a volume of 25,299 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Hurco Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th.

Hurco Companies Stock Up 2.5 %

The stock has a fifty day moving average of $20.22 and a 200-day moving average of $19.80. The stock has a market cap of $153.58 million, a PE ratio of -9.04 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 (EPS) for the quarter. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%.

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation grew its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 comprises 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th biggest 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 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.