Hurco Cos Inc (NASDAQ: HURC) stock suffered a major decline of -22.3% on 3/8/24. The shares closed at $21.23. Moreover, this decline was accompanied by exceptionally high trading volume at 576% of normal. Relative to the market the stock has been strong over the last nine months but has declined -17.8% during the last week.
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, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment