Hurco Companies (NASDAQ:HURC) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
Hurco Companies (NASDAQ:HURC) traded down $1.35 during midday trading on Friday, hitting $43.25. 16,624 shares of the stock traded hands, compared to its average volume of 19,948. Hurco Companies has a 12-month low of $26.25 and a 12-month high of $46.75. The stock has a market cap of $286.50, a price-to-earnings ratio of 25.44 and a beta of 0.52.
Hurco Companies (NASDAQ:HURC) last released its quarterly earnings results on Friday, September 8th. The scientific and technical instruments company reported $0.58 EPS for the quarter. Hurco Companies had a net margin of 4.88% and a return on equity of 6.00%. The firm had revenue of $60.77 million during the quarter.
Several large investors have recently made changes to their positions in the stock. Algert Global LLC grew its stake in shares of Hurco Companies by 288.9% during the 3rd quarter. Algert Global LLC now owns 48,056 shares of the scientific and technical instruments company’s stock valued at $1,999,000 after acquiring an additional 35,698 shares during the period. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Hurco Companies by 438.5% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,000 shares of the scientific and technical instruments company’s stock valued at $290,000 after acquiring an additional 5,700 shares during the period. OxFORD Asset Management LLP grew its stake in shares of Hurco Companies by 387.4% during the 3rd quarter. OxFORD Asset Management LLP now owns 28,149 shares of the scientific and technical instruments company’s stock valued at $1,161,000 after acquiring an additional 22,374 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of Hurco Companies during the 3rd quarter valued at approximately $1,140,000. Finally, Wells Fargo & Company MN grew its stake in shares of Hurco Companies by 59.1% during the 3rd quarter. Wells Fargo & Company MN now owns 6,619 shares of the scientific and technical instruments company’s stock valued at $275,000 after acquiring an additional 2,458 shares during the period. Institutional investors own 79.07% of the company’s stock.
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About Hurco Companies
Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.
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