Hurco Companies (NASDAQ:HURC) Posts Earnings Results

Hurco Companies (NASDAQ:HURC) posted its earnings results on Friday. The scientific and technical instruments company reported ($0.67) EPS for the quarter, Zacks reports. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%.

Hurco Companies Stock Performance

Shares of Hurco Companies stock traded down $0.99 during trading on Friday, reaching $17.40. 7,723 shares of the company’s stock were exchanged, compared to its average volume of 19,104. The company has a market cap of $115.57 million, a P/E ratio of -6.79 and a beta of 0.43. The firm’s 50-day moving average price is $20.21 and its 200 day moving average price is $20.11. Hurco Companies has a 1-year low of $14.82 and a 1-year high of $24.09.

Insider Activity at Hurco Companies

In related news, major shareholder Polar Asset Management Partner sold 3,395 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.62, for a total transaction of $76,794.90. Following the sale, the insider now owns 775,582 shares in the company, valued at $17,543,664.84. This represents a 0.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.70% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Hurco Companies from a “hold” rating to a “sell” rating in a research note on Tuesday.

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.