New insider activity at Hurco Companies ( (HURC) ) has taken place on March 27, 2025.
Significant shareholder Polar Securities Inc. has offloaded 6,000 shares of Hurco Companies stock, amounting to a transaction worth $94,020.
Recent Updates on HURC stock
In the last 24 hours, Hurco Companies (HURC) has experienced significant developments following its Q1 earnings release. The company reported a net loss of $4.32 million, a substantial increase from the previous year’s $1.65 million loss, despite a 3% rise in sales and service fees. This growth was driven by strong demand in the Americas and Asia Pacific regions, with sales increasing by 9% and 18% respectively, although European sales declined by 5%. The decrease in gross profit margin from 22% to 18% was attributed to lower sales volumes of higher-performance machines and unfavorable currency impacts. Orders decreased by 20% overall, reflecting economic uncertainty and delayed capital investments by customers, particularly in the U.S. Despite these challenges, Hurco remains focused on financial discipline and operational efficiency, leveraging its diverse product portfolio and global reach to navigate market conditions.
More about Hurco Companies
YTD Price Performance: -21.59%
Average Trading Volume: 18,763
Technical Sentiment Signal: Strong Buy
Current Market Cap: $100.6M