HURC Stock Surge by 7.75% Despite No Institutional Ratings

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HURC experienced significant stock volatility with a notable surge of 7.75%, reaching $19.60 per share. The trading volume stood at 18,121 shares, reflecting a turnover rate of 0.28% and an amplitude of 4.62%.

The latest financial report shows that HURC generated a revenue of $42.65 million with a net loss of $9.60 million, translating to an earnings per share (EPS) of -$1.47. The gross profit was reported at $8.46 million, with a price-to-earnings (P/E) ratio of -9.59. Currently, no institutions have provided a "buy," "hold," or "sell" rating for the stock.

Within the commercial equipment services sector, where HURC operates, the overall decline was 0.71%. Significant gains were noted in related stocks like Schmid Group N.V. C/Wts 30/04/2029 (To Pur Com), Laser Photonics Corporation, and Greenland Technologies Holding Corp. Laser Photonics Corporation, Serve Robotics Inc., and Nano Nuclear Energy Inc. were particularly active with turnover rates of 7.56%, 5.63%, and 5.58% respectively. Stocks with large amplitude included Laser Photonics Corporation, Schmid Group N.V., and Zjk Industrial Co. Ltd., with amplitudes of 16.60%, 15.77%, and 14.20% respectively.

Company Overview: Hurco Companies, Inc. (HURC, Financial) is an industrial technology company based in the United States. It designs, manufactures, and sells computerized machine tools, primarily including vertical machining centers and turning centers, to metalworking companies through its sales, service, and distribution network. The company's revenue is mainly derived from its computerized machine tool products, with the United States being the primary market. Its product categories include 5-axis VMCs, 3-axis VMCs, horizontal machining centers, and turning centers.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.