Wall Street Zen Upgrades Hurco Companies (NASDAQ:HURC) to “Hold”

Hurco Companies (NASDAQ:HURC) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Hurco Companies in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hurco Companies Stock Performance

NASDAQ:HURC opened at $17.36 on Monday. Hurco Companies has a 1 year low of $13.19 and a 1 year high of $21.46. The stock has a market cap of $114.92 million, a P/E ratio of -7.42 and a beta of 0.66. The stock has a 50-day simple moving average of $16.55 and a 200-day simple moving average of $16.99.

Hurco Companies (NASDAQ:HURC) last posted its earnings results on Friday, January 9th. The scientific and technical instruments company reported ($0.47) earnings per share for the quarter. The business had revenue of $45.47 million for the quarter. Hurco Companies had a negative return on equity of 7.53% and a negative net margin of 8.47%.

Hedge Funds Weigh In On Hurco Companies

A number of institutional investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. purchased a new stake in Hurco Companies in the 3rd quarter valued at $322,000. George Kaiser Family Foundation increased its stake in Hurco Companies by 57.3% in the second quarter. George Kaiser Family Foundation now owns 44,968 shares of the scientific and technical instruments company’s stock valued at $850,000 after purchasing an additional 16,377 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in shares of Hurco Companies in the third quarter valued at about $992,000. Marshall Wace LLP boosted its stake in shares of Hurco Companies by 180.3% during the fourth quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock worth $1,163,000 after buying an additional 48,397 shares during the period. Finally, Brooklands Fund Management Ltd boosted its stake in shares of Hurco Companies by 9.3% during the fourth quarter. Brooklands Fund Management Ltd now owns 305,691 shares of the scientific and technical instruments company’s stock worth $5,056,000 after buying an additional 26,000 shares during the period. 74.36% of the stock is owned by institutional investors and hedge funds.

About Hurco Companies

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.