ValuEngine upgraded shares of Hurco Companies, Inc. (NASDAQ:HURC) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Hurco Companies (NASDAQ:HURC) traded up 1.71% on Friday, hitting $35.75. 13,238 shares of the stock were exchanged. The company’s 50 day moving average price is $34.09 and its 200-day moving average price is $31.16. The company has a market cap of $236.81 million, a P/E ratio of 23.52 and a beta of 0.50. Hurco Companies has a one year low of $24.80 and a one year high of $36.10.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings results on Friday, June 2nd. The scientific and technical instruments company reported $0.54 EPS for the quarter. Hurco Companies had a return on equity of 5.49% and a net margin of 4.54%. The company had revenue of $58.22 million for the quarter. Equities research analysts predict that Hurco Companies will post $2.11 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in shares of Hurco Companies by 12.2% in the second quarter. The Manufacturers Life Insurance Company now owns 5,989 shares of the scientific and technical instruments company’s stock valued at $207,000 after buying an additional 652 shares during the period. State Street Corp increased its position in shares of Hurco Companies by 8.6% in the second quarter. State Street Corp now owns 112,081 shares of the scientific and technical instruments company’s stock valued at $3,896,000 after buying an additional 8,856 shares during the period. Numeric Investors LLC bought a new position in shares of Hurco Companies during the second quarter valued at approximately $222,000. OxFORD Asset Management LLP bought a new position in shares of Hurco Companies during the second quarter valued at approximately $201,000. Finally, FMR LLC increased its position in shares of Hurco Companies by 8.0% in the second quarter. FMR LLC now owns 659,299 shares of the scientific and technical instruments company’s stock valued at $22,911,000 after buying an additional 48,980 shares during the period. Institutional investors own 76.27% of the company’s stock.

Hurco Companies Company Profile

Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.

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