Hurco Companies (NASDAQ:HURC) Shares Pass Above 200-Day Moving Average – Should You Sell?

Hurco Companies, Inc. (NASDAQ:HURC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.16 and traded as high as $17.33. Hurco Companies shares last traded at $16.97, with a volume of 4,458 shares traded.

Analysts Set New Price Targets

Several equities analysts have issued reports on HURC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Hurco Companies from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hurco Companies presently has a consensus rating of “Sell”.

Hurco Companies Price Performance

The firm has a market cap of $112.34 million, a price-to-earnings ratio of -7.25 and a beta of 0.66. The firm has a fifty day simple moving average of $16.06 and a two-hundred day simple moving average of $17.16.

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

Institutional Investors Weigh In On Hurco Companies

A number of large investors have recently made changes to their positions in HURC. Hillsdale Investment Management Inc. acquired a new position in shares of Hurco Companies in the 3rd quarter valued at $322,000. George Kaiser Family Foundation grew its stake in 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. Diamond Hill Capital Management Inc. purchased a new stake in Hurco Companies during the 3rd quarter valued at about $992,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of 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 valued at $6,082,000 after purchasing an additional 1,733 shares during the period. 74.36% of the stock is owned by hedge funds and other 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.