Hurco Cos Inc (NASDAQ: HURC) has reported E.P.S. of $-0.61 for its second fiscal quarter (ending April 30) versus $0.06 for the same period a year ago — a decline of -1117%. For the latest four quarters through April 30, E.P.S. were $-0.45 compared to $0.67 a year ago — a decline of -167%.
Recent Price Action
Hurco Cos Inc (NASDAQ: HURC) stock closed at $17.42 on 6/7/24 after a decline of -2.1%. Moreover, this decline was accompanied by exceptionally high trading volume at 330% of normal. The stock has declined -3.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns 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 (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Hurco has a slightly positive Appreciation Score of 62 but a slightly negative Power Rating of 34, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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