New insider activity at Hurco Companies ( (HURC) ) has taken place on April 2, 2025.
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Significant shareholder Polar Securities Inc. recently sold 3,000 shares of Hurco Companies stock, amounting to a transaction value of $46,530.
Recent Updates on HURC stock
In the last 24 hours, Hurco Companies reported its Q1 earnings, revealing a net loss of $4.32 million, a significant increase from the previous year’s $1.65 million loss. Despite this, the company experienced a 3% increase in sales, driven by strong demand in the Americas and Asia Pacific regions, with respective sales growths of 9% and 18%. However, European sales declined by 5%, and overall orders decreased by 20%, particularly in the Americas and Europe. The gross profit margin fell from 22% to 18%, attributed to lower sales volumes of higher-performance machines and unfavorable currency impacts. The company remains focused on financial discipline and operational efficiency to navigate market challenges. Additionally, at the Annual Meeting of Shareholders, an amendment to the 2016 Equity Incentive Plan was approved, adding 850,000 shares to the plan’s reserve, and all director nominees were elected.
More about Hurco Companies
YTD Price Performance: -21.59%
Average Trading Volume: 18,821
Technical Sentiment Signal: Strong Buy
Current Market Cap: $100.6M