Hurco Companies (NASDAQ:HURC) Releases Quarterly Earnings Results
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Hurco Companies (NASDAQ:HURC) reported quarterly earnings with an EPS of ($0.67), reflecting a negative net margin of 8.90% and a return on equity of -7.78%. The stock fell 5.4% to $17.40, with a market cap of $115.57 million. Analysts downgraded the stock from "hold" to "sell". Major shareholder Polar Asset Management sold 3,395 shares, reducing their ownership by 0.44%. Hurco specializes in computerized machine tools for the metal cutting industry.
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