Hurco Companies (NASDAQ:HURC) Downgraded by Wall Street Zen to “Sell”

Hurco Companies (NASDAQ:HURC) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Hurco Companies has a consensus rating of “Sell”.

Hurco Companies Stock Up 0.6%

NASDAQ:HURC opened at $17.27 on Friday. Hurco Companies has a 52 week low of $13.19 and a 52 week high of $23.45. The stock’s fifty day moving average is $15.96 and its two-hundred day moving average is $17.45. The stock has a market capitalization of $110.70 million, a price-to-earnings ratio of -7.38 and a beta of 0.65.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, January 9th. The scientific and technical instruments company reported ($0.47) earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 8.47% and a negative return on equity of 7.53%. The firm had revenue of $45.47 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in Hurco Companies by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company’s stock worth $6,082,000 after acquiring an additional 1,733 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Hurco Companies during the 3rd quarter worth $322,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of Hurco Companies during the 3rd quarter worth $992,000. Finally, George Kaiser Family Foundation grew its stake in shares of Hurco Companies by 57.3% during the second quarter. George Kaiser Family Foundation now owns 44,968 shares of the scientific and technical instruments company’s stock worth $850,000 after purchasing an additional 16,377 shares in the last quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.

About Hurco Companies

Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company’s product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.

Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.