Hardinge (NASDAQ:HDNG) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.
Shares of Hardinge (NASDAQ:HDNG) opened at $18.26 on Friday. Hardinge has a 52-week low of $9.51 and a 52-week high of $19.47. The stock has a market capitalization of $236.43, a PE ratio of 22.00 and a beta of 0.88.
Hardinge (NASDAQ:HDNG) last announced its earnings results on Thursday, November 9th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter. Hardinge had a return on equity of 6.57% and a net margin of 2.03%.
Several hedge funds and other institutional investors have recently made changes to their positions in HDNG. Rutabaga Capital Management LLC MA purchased a new stake in shares of Hardinge during the second quarter worth about $1,542,000. Algert Global LLC increased its position in shares of Hardinge by 66.6% during the fourth quarter. Algert Global LLC now owns 209,894 shares of the industrial products company’s stock worth $3,656,000 after acquiring an additional 83,931 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Hardinge by 284.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 87,610 shares of the industrial products company’s stock worth $1,527,000 after acquiring an additional 64,810 shares during the last quarter. Alambic Investment Management L.P. increased its position in shares of Hardinge by 353.9% during the fourth quarter. Alambic Investment Management L.P. now owns 80,239 shares of the industrial products company’s stock worth $1,398,000 after acquiring an additional 62,560 shares during the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of Hardinge during the third quarter worth about $742,000. 69.43% of the stock is currently owned by institutional investors and hedge funds.
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Hardinge Company Profile
Hardinge Inc (Hardinge) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The Company supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those machines.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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