Hurco Companies (NASDAQ:HURC) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?
Hurco Companies (NASDAQ:HURC) shares have surpassed their 200-day moving average, trading at $17.40 with a market cap of $111.36 million. The company reported a quarterly EPS of ($0.58) and revenue of $45.81 million, showing improvement from last year's ($1.47) EPS. Institutional investors hold 74.36% of the stock, with Ameriprise Financial recently increasing its stake. Analysts currently rate Hurco as a Hold, but suggest other stocks may be better investments.
Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.68 and traded as high as $17.62. Hurco Companies shares last traded at $17.40, with a volume of 54,729 shares changing hands.
Get Hurco Companies alerts:
Hurco Companies Stock Performance
The business's 50 day moving average price is $18.10 and its 200-day moving average price is $16.68. The company has a market cap of $111.36 million, a price-to-earnings ratio of -8.29 and a beta of 0.54.
Hurco Companies (NASDAQ:HURC - Get Free Report) last announced its quarterly earnings results on Friday, September 5th. The scientific and technical instruments company reported ($0.58) EPS for the quarter. Hurco Companies had a negative net margin of 7.24% and a negative return on equity of 6.67%. The company had revenue of $45.81 million during the quarter. During the same quarter last year, the company posted ($1.47) earnings per share.
Hedge Funds Weigh In On Hurco Companies
An institutional investor recently raised its position in Hurco Companies stock. Ameriprise Financial Inc. lifted its holdings in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,811 shares of the scientific and technical instruments company's stock after purchasing an additional 1,733 shares during the quarter. Ameriprise Financial Inc. owned 4.94% of Hurco Companies worth $6,082,000 as of its most recent SEC filing. 74.36% of the stock is currently owned by institutional investors.
About Hurco Companies
(Get Free Report)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.
Read More
- Five stocks we like better than Hurco Companies
- What is MarketRank™? How to Use it
- PayPal Stock: Why Wall Street May Be Undervaluing This Giant
- Consumer Staples Stocks, Explained
- Why Vertical Aerospace Could Lead the eVTOL Market by 2028
- What is the FTSE 100 index?
- Is Draganfly's Army Partnership a Game-Changer for Investors?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Hurco Companies Right Now?
Before you consider Hurco Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hurco Companies wasn't on the list.
While Hurco Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
