Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Hurco Companies (HURC) Stock Price

Media stories about Hurco Companies (NASDAQ:HURC) have been trending somewhat positive on Monday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hurco Companies earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the scientific and technical instruments company an impact score of 45.6165666164869 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Separately, ValuEngine lowered Hurco Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th.

Hurco Companies (NASDAQ:HURC) traded down $0.10 during trading hours on Monday, hitting $42.75. The stock had a trading volume of 7,600 shares, compared to its average volume of 23,115. The company has a market cap of $283.18, a price-to-earnings ratio of 25.15 and a beta of 0.53. Hurco Companies has a 1-year low of $26.25 and a 1-year high of $46.75.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, September 8th. The scientific and technical instruments company reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $60.77 million during the quarter. Hurco Companies had a return on equity of 6.00% and a net margin of 4.88%.

In related news, CEO Michael Doar sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $41.06, for a total transaction of $287,420.00. Following the completion of the sale, the chief executive officer now directly owns 96,377 shares of the company’s stock, valued at approximately $3,957,239.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Gregory S. Volovic sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $39.16, for a total value of $391,600.00. Following the sale, the president now directly owns 34,183 shares of the company’s stock, valued at $1,338,606.28. The disclosure for this sale can be found here. Insiders sold a total of 31,000 shares of company stock valued at $1,241,780 over the last ninety days. Corporate insiders own 8.30% of the company’s stock.

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Hurco Companies Company Profile

Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.

Insider Buying and Selling by Quarter for Hurco Companies (NASDAQ:HURC)

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