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

Shares of Hurco Companies, Inc. (NASDAQ:HURC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.05 and traded as high as $21.01. Hurco Companies shares last traded at $20.84, with a volume of 12,236 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hurco Companies Stock Down 1.7%

The firm’s 50 day moving average price is $21.05 and its two-hundred day moving average price is $18.05. The firm has a market capitalization of $135.04 million, a PE ratio of -10.63 and a beta of 0.69.

Hurco Companies (NASDAQ:HURC) last released its quarterly earnings results on Friday, June 5th. The scientific and technical instruments company reported ($0.37) earnings per share (EPS) for the quarter. Hurco Companies had a negative return on equity of 6.37% and a negative net margin of 6.92%.The firm had revenue of $47.62 million for the quarter.

Institutional Trading of Hurco Companies

Hedge funds and other institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its holdings 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 valued at $6,082,000 after purchasing an additional 1,733 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in Hurco Companies by 23.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 70,321 shares of the scientific and technical instruments company’s stock valued at $1,086,000 after purchasing an additional 13,296 shares in the last quarter. Brooklands Fund Management Ltd increased its holdings in Hurco Companies by 9.3% during the 4th quarter. Brooklands Fund Management Ltd now owns 305,691 shares of the scientific and technical instruments company’s stock worth $5,056,000 after purchasing an additional 26,000 shares during the last quarter. Finally, Marshall Wace LLP increased 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 worth $1,163,000 after purchasing an additional 48,397 shares during the last quarter. 74.36% of the stock is owned by hedge funds and other institutional investors.

Hurco Companies Company Profile

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.