Hurco Companies (NASDAQ:HURC) Stock Crosses Below Two Hundred Day Moving Average of $30.28 - Defense World

2022-06-25 07:08:28 By : Ms. Coco Li

Posted by admin on Jun 22nd, 2022

Hurco Companies, Inc. (NASDAQ:HURC – Get Rating)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.28 and traded as low as $24.92. Hurco Companies shares last traded at $25.12, with a volume of 39,209 shares trading hands.

Separately, StockNews.com downgraded Hurco Companies from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 6th.

The company has a 50-day moving average price of $27.52 and a 200-day moving average price of $30.28. The company has a market capitalization of $164.96 million, a price-to-earnings ratio of 18.34 and a beta of 0.48.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 11th. Investors of record on Monday, June 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, June 24th. Hurco Companies’s payout ratio is presently 43.80%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HURC. Diamond Hill Capital Management Inc. lifted its stake in shares of Hurco Companies by 21.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 16,164 shares of the scientific and technical instruments company’s stock valued at $480,000 after buying an additional 2,879 shares during the period. Geode Capital Management LLC lifted its stake in Hurco Companies by 3.5% during the third quarter. Geode Capital Management LLC now owns 83,891 shares of the scientific and technical instruments company’s stock worth $2,706,000 after purchasing an additional 2,817 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in Hurco Companies by 1.4% during the first quarter. Pacific Ridge Capital Partners LLC now owns 179,157 shares of the scientific and technical instruments company’s stock worth $5,647,000 after purchasing an additional 2,447 shares during the period. Bank of New York Mellon Corp lifted its stake in Hurco Companies by 2.8% during the first quarter. Bank of New York Mellon Corp now owns 31,213 shares of the scientific and technical instruments company’s stock worth $984,000 after purchasing an additional 858 shares during the period. Finally, Copeland Capital Management LLC lifted its stake in Hurco Companies by 39.9% during the fourth quarter. Copeland Capital Management LLC now owns 1,140 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 76.52% of the company’s stock.

About Hurco Companies (NASDAQ:HURC)

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

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