Hurco Companies Stock Gaps Up On Today's Open (HURC)
Shares of Hurco Companies (Nasdaq:HURC) were gapping up Friday morning with an open price 12.4% higher than Thursday's closing price. The stock closed at $23.62 yesterday and opened today's trading at $26.56.
NEW YORK ( TheStreet) -- Shares of Hurco Companies (Nasdaq: HURC) were gapping up Friday morning with an open price 12.4% higher than Thursday's closing price. The stock closed at $23.62 Thursday and opened today's trading at $26.56. The average volume for Hurco Companies has been 51,800 shares per day over the past 30 days. Hurco Companies has a market cap of $154.5 million and is part of the technology sector and electronics industry. Shares are down 0.1% year to date as of the close of trading on Thursday. Hurco Companies, Inc., an industrial technology company, engages in the design, manufacture, and sale of computerized machine tools, computer control systems, and software products to companies in the metal working industry primarily in North America, Europe, and Asia. The company has a P/E ratio of 99.9, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Hurco Companies as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full Hurco Companies Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.