Hurco Companies (NASDAQ:HURC) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Hurco Companies, Inc. (NASDAQ:HURC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.99 and traded as high as $19.94. Hurco Companies shares last traded at $19.31, with a volume of 11,111 shares changing hands.

Wall Street Analysts Forecast Growth

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

Hurco Companies Stock Down 3.4 %

The company has a market capitalization of $120.29 million, a PE ratio of -9.47 and a beta of 0.43. The firm has a 50-day moving average of $20.86 and a two-hundred day moving average of $18.99.

Hurco Companies (NASDAQ:HURC) last posted its earnings results on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share for the quarter. Hurco Companies had a negative net margin of 6.40% and a negative return on equity of 5.87%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation increased its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,555 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,314 shares during the quarter. Hurco Companies accounts for about 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest holding. George Kaiser Family Foundation owned 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

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.