Hurco Companies (NASDAQ:HURC) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Hurco Companies, Inc. (NASDAQ:HURC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.11 and traded as high as $20.05. Hurco Companies shares last traded at $20.02, with a volume of 18,903 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Hurco Companies from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

Hurco Companies Stock Performance

The stock’s 50-day moving average is $20.51 and its 200-day moving average is $19.14.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share (EPS) for the quarter. Hurco Companies had a negative return on equity of 5.87% and a negative net margin of 6.40%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation raised its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the quarter. Hurco Companies accounts for approximately 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th biggest holding. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 at the end of the most recent quarter. 74.36% of the stock is currently owned by institutional investors.

About Hurco Companies

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.