Hurco Companies (NASDAQ:HURC) Posts Quarterly Earnings Results

Hurco Companies (NASDAQ:HURC) Posts Quarterly Earnings Results

Hurco Companies (NASDAQ:HURC) issued its earnings results on Friday. The scientific and technical instruments company reported ($0.13) EPS for the quarter, Bloomberg Earnings reports. Hurco Companies had a return on equity of 7.44% and a net margin of 6.64%. The business had revenue of $43.66 million for the quarter.

Shares of HURC stock traded up $1.43 during midday trading on Friday, hitting $30.00. 53,555 shares of the company were exchanged, compared to its average volume of 23,374. The firm has a market capitalization of $196.25 million, a P/E ratio of 11.76 and a beta of 1.01. The firm’s 50 day moving average price is $31.25 and its two-hundred day moving average price is $33.52. Hurco Companies has a 52 week low of $26.19 and a 52 week high of $43.21.

A number of equities analysts have commented on the stock. BidaskClub raised shares of Hurco Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, January 1st. TheStreet cut shares of Hurco Companies from a “b” rating to a “c+” rating in a research report on Friday, January 3rd. Finally, ValuEngine raised shares of Hurco Companies from a “hold” rating to a “buy” rating in a research report on Saturday, February 29th.

Hurco Companies Company Profile

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools; machine tools with computer control systems; and industry standard CNC controls, including Fanuc, Siemens, Mitsubishi, or Heidenhain.

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