Hurco Companies (NASDAQ:HURC) Downgraded to Sell Rating by Wall Street Zen

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

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

Hurco Companies Trading Up 3.1%

Hurco Companies stock opened at $17.85 on Friday. The stock has a fifty day moving average price of $16.30 and a 200 day moving average price of $17.07. The firm has a market capitalization of $118.17 million, a P/E ratio of -7.63 and a beta of 0.66. Hurco Companies has a 52 week low of $13.19 and a 52 week high of $22.81.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. acquired a new position in shares of Hurco Companies during the third quarter valued at about $322,000. George Kaiser Family Foundation grew its holdings in shares of Hurco Companies by 57.3% during the 2nd quarter. George Kaiser Family Foundation now owns 44,968 shares of the scientific and technical instruments company’s stock worth $850,000 after purchasing an additional 16,377 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of Hurco Companies during the third quarter valued at approximately $992,000. Marshall Wace LLP raised its stake in shares of Hurco Companies by 180.3% in the fourth quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock valued at $1,163,000 after purchasing an additional 48,397 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Hurco Companies by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company’s stock worth $6,082,000 after purchasing an additional 1,733 shares during the 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.