Hurco Companies (NASDAQ:HURC) Stock Rating Lowered by Wall Street Zen

Hurco Companies (NASDAQ:HURC) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

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

Hurco Companies Price Performance

Hurco Companies stock opened at $17.85 on Friday. Hurco Companies has a 1 year low of $13.19 and a 1 year high of $22.81. The firm’s 50 day moving average price is $16.35 and its 200-day moving average price is $17.05. The stock has a market cap of $118.17 million, a P/E ratio of -7.63 and a beta of 0.66.

Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, January 9th. The scientific and technical instruments company reported ($0.47) earnings per share for the quarter. The company 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%.

Institutional Investors Weigh In On Hurco Companies

Several large investors have recently added to or reduced their stakes in HURC. Diamond Hill Capital Management Inc. bought a new stake in shares of Hurco Companies in the 3rd quarter valued at approximately $992,000. George Kaiser Family Foundation increased its position 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 valued at $850,000 after purchasing an additional 16,377 shares during the last quarter. Marshall Wace LLP raised its holdings in Hurco Companies by 180.3% during the 4th quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock valued at $1,163,000 after buying an additional 48,397 shares during the period. 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 buying an additional 1,733 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in Hurco Companies during the third quarter worth $322,000. 74.36% of the stock is owned by institutional investors.

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.