Hurco Companies (HURC) Getting Somewhat Favorable News Coverage, Analysis Shows
News stories about Hurco Companies (NASDAQ:HURC) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hurco Companies earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the scientific and technical instruments company an impact score of 45.4135828760998 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of equities research analysts have recently issued reports on the stock. ValuEngine cut shares of Hurco Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub cut shares of Hurco Companies from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd.
Shares of Hurco Companies (NASDAQ:HURC) opened at $41.30 on Thursday. The firm has a market cap of $271.26, a price-to-earnings ratio of 24.09 and a beta of 0.52. Hurco Companies has a 12-month low of $26.25 and a 12-month high of $46.75.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.97%. Hurco Companies’s payout ratio is currently 23.53%.
In other Hurco Companies news, CEO Michael Doar sold 7,000 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $41.06, for a total transaction of $287,420.00. Following the completion of the sale, the chief executive officer now owns 96,377 shares of the company’s stock, valued at approximately $3,957,239.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Gregory S. Volovic sold 10,000 shares of the stock in a transaction on Monday, September 25th. The shares were sold at an average price of $39.16, for a total transaction of $391,600.00. Following the sale, the president now directly owns 34,183 shares of the company’s stock, valued at approximately $1,338,606.28. The disclosure for this sale can be found here. Insiders have sold a total of 31,000 shares of company stock valued at $1,241,780 in the last three months. 8.30% of the stock is currently owned by corporate insiders.
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About Hurco Companies
Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.
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