Hurco Companies, Inc. (NASDAQ:HURC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.65 and traded as high as $36.37. Hurco Companies shares last traded at $35.33, with a volume of 506 shares trading hands.

Separately, ValuEngine upgraded Hurco Companies from a “hold” rating to a “buy” rating in a research note on Monday, November 4th.

The company has a market cap of $243.55 million, a P/E ratio of 10.40 and a beta of 0.83. The firm has a 50 day moving average price of $33.35 and a 200-day moving average price of $34.62.

Hurco Companies (NASDAQ:HURC) last released its quarterly earnings results on Friday, September 6th. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $58.50 million during the quarter. Hurco Companies had a return on equity of 10.27% and a net margin of 8.27%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of Hurco Companies by 428.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,220 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 989 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Hurco Companies during the 3rd quarter worth about $114,000. Parametric Portfolio Associates LLC boosted its stake in shares of Hurco Companies by 22.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,865 shares of the scientific and technical instruments company’s stock worth $280,000 after acquiring an additional 1,416 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Hurco Companies by 11.3% during the 3rd quarter. Rhumbline Advisers now owns 10,246 shares of the scientific and technical instruments company’s stock worth $330,000 after acquiring an additional 1,040 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Hurco Companies by 2.6% during the 1st quarter. First Trust Advisors LP now owns 11,674 shares of the scientific and technical instruments company’s stock worth $471,000 after acquiring an additional 294 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Hurco Companies Company Profile (NASDAQ:HURC)

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools; machine tools with computer control systems; and industry standard CNC controls, including Fanuc, Siemens, Mitsubishi, or Heidenhain.

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