Wall Street Zen has upgraded Hurco Companies (NASDAQ:HURC) from a “sell” to a “hold” rating, despite the company reporting a recent quarterly loss and negative financial metrics. This upgrade comes as institutional investors increase their stakes, now owning approximately 74.36% of the stock. Hurco Companies, a manufacturer of CNC machine tools, has seen its stock trade between a 52-week low of $13.19 and a high of $21.46.
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Wall Street Zen Upgrades Hurco Companies (NASDAQ:HURC) to "Hold"
Wall Street Zen has upgraded Hurco Companies (NASDAQ:HURC) from a “sell” to a “hold” rating, despite the company reporting a recent quarterly loss and negative financial metrics. This upgrade comes as institutional investors increase their stakes, now owning approximately 74.36% of the stock. Hurco Companies, a manufacturer of CNC machine tools, has seen its stock trade between a 52-week low of $13.19 and a high of $21.46.