Hurco Companies (NASDAQ:HURC) Posts Earnings Results

Hurco Companies (NASDAQ:HURC) issued its quarterly earnings data on Friday. The scientific and technical instruments company reported ($0.47) earnings per share (EPS) for the quarter, Zacks reports. Hurco Companies had a negative net margin of 7.24% and a negative return on equity of 6.67%.

Hurco Companies Trading Up 0.7%

Shares of HURC stock opened at $16.42 on Friday. The stock has a 50 day moving average of $15.95 and a 200 day moving average of $17.47. Hurco Companies has a twelve month low of $13.19 and a twelve month high of $23.45. The stock has a market cap of $105.09 million, a P/E ratio of -7.82 and a beta of 0.65.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Hurco Companies in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Hurco Companies currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. Ameriprise Financial Inc. lifted its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 0.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 321,811 shares of the scientific and technical instruments company’s stock after buying an additional 1,733 shares during the quarter. Ameriprise Financial Inc. owned approximately 4.94% of Hurco Companies worth $6,082,000 at the end of the most recent reporting period. 74.36% of the stock is owned by hedge funds and other institutional investors.

Hurco Companies Company Profile

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.