Hurco Companies (NASDAQ:HURC) Lowered to Sell Rating by StockNews.com

Hurco Companies (NASDAQ:HURC) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Hurco Companies Price Performance

NASDAQ:HURC opened at $21.64 on Wednesday. Hurco Companies has a one year low of $14.82 and a one year high of $28.20. The company’s 50-day simple moving average is $20.31 and its 200 day simple moving average is $19.60. The firm has a market capitalization of $143.69 million, a P/E ratio of -8.45 and a beta of 0.43.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) EPS for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation lifted its position in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the period. Hurco Companies comprises 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th largest holding. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 at the end of the most recent reporting period. Institutional investors own 74.36% of the company’s stock.

Hurco Companies Company Profile

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.