Hurco Companies (NASDAQ:HURC) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Hurco Companies, Inc. (NASDAQ:HURC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.88 and traded as high as $19.49. Hurco Companies shares last traded at $19.29, with a volume of 10,609 shares.

Analyst Ratings Changes

Separately, StockNews.com raised Hurco Companies from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Hurco Companies Price Performance

The company has a market cap of $126.16 million, a P/E ratio of -9.93 and a beta of 0.40. The business’s 50 day moving average price is $21.01 and its 200-day moving average price is $18.89.

Insider Activity

In related news, major shareholder Polar Asset Management Partner sold 24,300 shares of Hurco Companies stock in a transaction on Monday, October 7th. The stock was sold at an average price of $22.50, for a total transaction of $546,750.00. Following the completion of the sale, the insider now directly owns 806,943 shares of the company’s stock, valued at $18,156,217.50. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation grew its position in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the period. Hurco Companies makes up 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th largest position. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 at the end of the most recent quarter. 74.36% of the stock is owned by institutional investors and hedge funds.

About Hurco Companies

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.