Hurco Companies (NASDAQ:HURC) Raised to Buy at Wall Street Zen

Hurco Companies (NASDAQ:HURC) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Hurco Companies in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hurco Companies presently has an average rating of “Sell”.

Hurco Companies Stock Performance

Shares of NASDAQ HURC opened at $21.79 on Friday. Hurco Companies has a 52-week low of $14.50 and a 52-week high of $24.49. The business has a fifty day moving average of $22.10 and a two-hundred day moving average of $19.15. The stock has a market cap of $141.20 million, a PE ratio of -21.16 and a beta of 0.70.

Hurco Companies (NASDAQ:HURC) last posted its earnings results on Friday, September 4th. The scientific and technical instruments company reported $0.35 earnings per share for the quarter. The business had revenue of $47.29 million for the quarter. Hurco Companies had a negative net margin of 3.58% and a negative return on equity of 3.37%.

Institutional Trading of Hurco Companies

Large investors have recently made changes to their positions in the business. State of Wyoming bought a new position in shares of Hurco Companies in the second quarter valued at about $199,000. Susquehanna International Group LLP bought a new stake in Hurco Companies during the 2nd quarter worth about $202,000. Hsbc Holdings PLC acquired a new stake in Hurco Companies in the 2nd quarter valued at about $357,000. GSA Capital Partners LLP acquired a new stake in Hurco Companies in the 2nd quarter valued at about $499,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Hurco Companies in the second quarter worth about $511,000. Institutional investors own 74.36% of the company’s stock.

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.