Hurco Cos Inc (NASDAQ: HURC). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Recent minimal negative changes in fundamentals have impacted Hurco Cos Inc (NASDAQ: HURC): significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, HURC is expected to continue to be Value Creation neutral.
Hurco has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hurco has a neutral Appreciation Score of 54 and a slightly positive Power Rating of 68, resulting in the High Neutral Value Trend Rating.
Recent Price Action
Hurco Cos Inc (NASDAQ: HURC) stock closed at $20.98 on 3/14/24 after a modest gain of 0.5%. Moreover, trading volume in this advance was unusually high at 153% of normal. The stock has declined -24.8% during the last week but has been strong relative to the market over the last nine months.
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