Hurco Companies (NASDAQ:HURC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Hurco Companies (NASDAQ:HURC) from a sell rating to a hold rating in a report published on Monday morning.

Hurco Companies Stock Up 5.6 %

Shares of HURC opened at $18.60 on Monday. The company has a market cap of $123.58 million, a P/E ratio of -7.27 and a beta of 0.43. Hurco Companies has a fifty-two week low of $14.82 and a fifty-two week high of $28.20. The firm’s 50 day moving average price is $20.30 and its 200 day moving average price is $20.06.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) EPS for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Insider Buying and Selling at Hurco Companies

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 3,395 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.62, for a total transaction of $76,794.90. Following the completion of the sale, the insider now directly owns 775,582 shares of the company’s stock, valued at approximately $17,543,664.84. This trade represents a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC boosted its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 188,958 shares of the scientific and technical instruments company’s stock after buying an additional 52,667 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 2.85% of Hurco Companies worth $3,645,000 as of its most recent filing with the SEC. 74.36% of the stock is owned by institutional investors and hedge funds.

About Hurco Companies

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.