Hurco Companies (NASDAQ:HURC) Rating Increased to Hold at Wall Street Zen

Hurco Companies (NASDAQ:HURC) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Hurco Companies Stock Up 2.7%

Shares of Hurco Companies stock opened at $17.43 on Friday. The company has a 50 day moving average price of $16.09 and a 200 day moving average price of $17.16. The firm has a market capitalization of $115.39 million, a P/E ratio of -7.45 and a beta of 0.66. Hurco Companies has a 52 week low of $13.19 and a 52 week high of $23.45.

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

Institutional Trading of Hurco Companies

Hedge funds have recently modified their holdings of the stock. Diamond Hill Capital Management Inc. lifted its holdings in Hurco Companies by 23.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 70,321 shares of the scientific and technical instruments company’s stock valued at $1,086,000 after acquiring an additional 13,296 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Hurco Companies in the 3rd quarter valued at $322,000. George Kaiser Family Foundation boosted its holdings in 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 buying an additional 16,377 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Hurco Companies by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company’s stock valued at $6,082,000 after buying an additional 1,733 shares during the period. 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.