Hurco Companies (NASDAQ:HURC) Announces Quarterly Earnings Results

Hurco Companies (NASDAQ:HURC) posted its quarterly earnings results on Friday. The scientific and technical instruments company reported ($0.37) earnings per share (EPS) for the quarter, Zacks reports. Hurco Companies had a negative return on equity of 7.13% and a negative net margin of 8.15%.

Hurco Companies Trading Up 22.4%

Shares of NASDAQ HURC traded up $3.83 during mid-day trading on Friday, reaching $20.95. The company had a trading volume of 38,170 shares, compared to its average volume of 23,031. The company has a 50-day moving average price of $16.33 and a two-hundred day moving average price of $16.28. The stock has a market cap of $135.13 million, a PE ratio of -9.41 and a beta of 0.75. Hurco Companies has a 1-year low of $13.19 and a 1-year high of $21.91.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HURC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Hurco Companies in a research report on Tuesday, April 21st. Wall Street Zen upgraded Hurco Companies from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Marshall Wace LLP raised its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 180.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,246 shares of the scientific and technical instruments company’s stock after buying an additional 48,397 shares during the quarter. Marshall Wace LLP owned 1.14% of Hurco Companies worth $1,163,000 at the end of the most recent reporting period. 74.36% of the stock is currently owned by institutional investors and hedge funds.

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.