TheStreet Upgrades Hurco Cos. to Buy (HURC)
Hurco Cos. (NASDAQ:HURC) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Wednesday, AnalystRatings.NET reports.
The analysts wrote, “Hurco Companies (HURC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.”
Hurco Cos. (NASDAQ:HURC) traded up 0.56% during mid-day trading on Wednesday, hitting $25.13. 1,613 shares of the company’s stock traded hands. Hurco Cos. has a 52 week low of $23.52 and a 52 week high of $31.61. The stock has a 50-day moving average of $25.20 and a 200-day moving average of $25.96. The company has a market cap of $162.9 million and a P/E ratio of 19.99.
Hurco Cos. (NASDAQ:HURC) last announced its earnings results on Friday, January 10th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.11. The company had revenue of $53.94 million for the quarter, compared to the consensus estimate of $56.07 million. On average, analysts predict that Hurco Cos. will post $1.10 earnings per share for the current fiscal year.
Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized machine tools, consisting primarily of vertical machining centers (NASDAQ:HURC) and turning centers (lathes), to companies in the metal working industry through a worldwide sales, service and distribution network.
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