Hurco Companies (NASDAQ:HURC) Stock Passes Above 200-Day Moving Average of $25.62

Hurco Companies, Inc. (NASDAQ:HURC – Get Rating) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.62 and traded as high as $28.90. Hurco Companies shares last traded at $27.60, with a volume of 27,306 shares traded.

Hurco Companies Stock Performance

The firm has a market capitalization of $184.92 million, a price-to-earnings ratio of 22.44 and a beta of 0.46. The business has a 50 day simple moving average of $27.84 and a 200-day simple moving average of $25.62.

Hurco Companies (NASDAQ:HURC – Get Rating) last posted its earnings results on Friday, January 6th. The scientific and technical instruments company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $63.46 million for the quarter. Hurco Companies had a return on equity of 3.56% and a net margin of 3.28%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. Bank of New York Mellon Corp raised its stake in Hurco Companies, Inc. (NASDAQ:HURC – Get Rating) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,500 shares of the scientific and technical instruments company’s stock after acquiring an additional 467 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.48% of Hurco Companies worth $709,000 at the end of the most recent quarter. Institutional investors own 71.45% of the company’s stock.

Hurco Companies Company Profile

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Hurco Cos., Inc is an international industrial technology company, which engages in the design, manufacture and sale of computerized machine tools. It also offers machine tool components, software options, control upgrades, and accessories and replacement parts for its products, as well as customer service and training and applications support.