Hurco Companies (NASDAQ:HURC) Stock Passes Above 200 Day Moving Average – Should You Sell?

Hurco Companies, Inc. (NASDAQ:HURC) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.26 and traded as high as $17.16. Hurco Companies shares last traded at $16.85, with a volume of 20,909 shares changing hands.

Wall Street Analyst Weigh In

HURC has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a report on Tuesday, April 21st. Wall Street Zen raised shares of Hurco Companies from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Hurco Companies Stock Performance

The business’s 50 day moving average is $16.08 and its 200 day moving average is $16.26. The company has a market capitalization of $108.68 million, a price-to-earnings ratio of -7.62 and a beta of 0.75.

Hurco Companies (NASDAQ:HURC) last released its earnings results on Friday, March 6th. The scientific and technical instruments company reported ($0.54) EPS for the quarter. The company had revenue of $42.87 million during the quarter. Hurco Companies had a negative return on equity of 7.13% and a negative net margin of 8.15%.

Institutional Trading of Hurco Companies

Institutional investors have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. acquired a new stake in Hurco Companies in the 3rd quarter worth approximately $322,000. Diamond Hill Capital Management Inc. acquired a new stake in Hurco Companies in the 3rd quarter worth approximately $992,000. Marshall Wace LLP boosted its stake in Hurco Companies by 180.3% in the 4th quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock worth $1,163,000 after purchasing an additional 48,397 shares in the last quarter. Brooklands Fund Management Ltd boosted its stake in Hurco Companies by 9.3% in the 4th quarter. Brooklands Fund Management Ltd now owns 305,691 shares of the scientific and technical instruments company’s stock worth $5,056,000 after purchasing an additional 26,000 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Hurco Companies by 0.5% in 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 purchasing an additional 1,733 shares in the last quarter. 74.36% of the stock is currently owned by institutional investors and hedge funds.

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.