Hurco Companies, Inc. (Nasdaq:HURC)
December 4th, 2018
Amidst falling markets Hurco Companies, Inc. fell $2.48 Tuesday which equals a 6.25% decline, closing at $37.22. As well as the drop in value, Hurco Companies, Inc. hit a new 52 week low of $37.04, breaking the previous low of $37.17 from earlier this September.
HURC was outperformed by the rest of the Industrials sector which went down just 4.35%.
Forecasts from 1 analyst indicates that Hurco Companies, Inc. might go down somewhat (-4.28%), while Finbox has calculated (with low uncertainty) a fair value price of $45.97.
The market sectors were mixed Tuesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector falling 13%.
Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary saw turn arounds from their five day positive performance, Industrials with a drop of 4.35%.
- Utilities went up with a 0.15% change.
- Real Estate went down with a -1.26% change.
- Consumer Staples went down with a -1.63% change.
- Healthcare went down with a -2.30% change.
- Energy went down with a -2.93% change.
- Materials went down with a -3.08% change.
- Communication Services went down with a -3.14% change.
- Information Technology went down with a -3.86% change.
- Consumer Discretionary went down with a -3.91% change.
- Industrials went down with a -4.35% change.
- Financials went down with a -4.40% change.
Hurco Companies, Inc. Info
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, knee mills, vertical machining centers, tool room bed mills, combination lathes, horizontal machining centers, slant-bed lathes, and bridge mills; and double column vertical machining centers, and high-speed drill and tap machines. In addition, the company offers Autobend, a computer control system for metal bending press brake machines; software option products for part programming; and LCM machine tool components and accessories, including CNC rotary and tilt tables, and swivel heads and electro-spindles. Further, it provides installation, warranty, operator training, and customer support services; and sells software options, computer control upgrades, accessories, and replacement parts for its products. The company serves precision tool, die, and mold manufacturers; independent job shops; and specialized short-run production applications, as well as original equipment manufacturers of new metal fabrication machine tools. It sells its products through independent agents and distributors; and direct sales and service organizations under the Hurco, Milltronics, and Takumi brands. Hurco Companies, Inc. was founded in 1968 and is headquartered in Indianapolis, Indiana.
All amounts in USD unless otherwise indicated
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