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Hurco Companies, Inc. (HURC)

NASDAQ Global Select - NASDAQ Global Select Real Time Price. Currency in USD
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34.15+0.10 (+0.29%)
At close: 4:00PM EDT

34.15 0.00 (0.00%)
After hours: 4:27PM EDT

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  • S
    Steve 382
    Steve 382

    Illinois toolmaker Pelco upgrades equipment and adds 9 new Hurco machines.

    http://www.plasticsnews.com/article/20170810/NEWS/170819993/illinois-toolmaker-pelco-upgrades-equipment

    Illinois toolmaker Pelco upgrades equipment - Plastics News
    Pelco Tool & Mold Inc. recently spent about $2 million to upgrade its operation in Glendale Heights, Ill.
    www.plasticsnews.com
  • J
    Joe
    Joe
    Extremely strong undercurrent forming ...... AFter 2 hrs. of trading HURC volume is 150% of daily average over the past quarter ... on no news .... despite an aggressive low offer price coming in for the first hour ... it was just gobbled up and we push higher. As we noted mid-last week .... watch the activity surrounding HDNG .... despite being up 15% last week (strong quarterly report and forward outlook about tool mkts.) it's up another 5-6% today on 4x it's daily volume in the first two hours of trading .... on no news .... HDNG is an extremely boaring equity that doesn't normally move < !% a day or for that matter 5% in a month! The market is waking -up to the numerous factors that have trended favorably to Machine tooling suppliers that carry a high int'l distribution base. In our opinion HURC has the superior business model/valuation in this space.
  • J
    Joe
    Joe
    Steve 382 ---- thanks for the note. I was up early this AM (PDT) waiting for the HDNG release. One of the best Quarters we've witnessed by HDNG in many (emphasis added), many years!

    For all serious investors -- Go review the HDBNG release. FOr normal quarterlies the HDNG release (Q2) is approx. 30 before the HURC (Q3) release. THe HDNG results/orders were very good. While HDNG is a direct comp to HURC there product like is in the general comparable sector -- but their products tend to be more in Stage 1 cyclical category of lower-end product segment. Additionally, HDNG doesn't have as high a mix/% of business in EU (namely Ger/UK).

    With HURC record orders in the 1st 6 mos. YTD (despite a very strong $US) this year and backlog at all-time highs ..P&L (namely revenue) should be very robust in Q3/Q4 upcoming. Additionally, the EU has appreciated to $1.175 vs. $US in Q3 (July close). THUS, we are expecting very strong results to be release between the 1st/2nd Friday of Sept. (1st - 8th).

    Time for the market to wake up and move into this very solid Stage 2 cyclical that is ramping it's business activity ... our low $40s target for year-end 2017 (calendar) still holds.
  • S
    Steve 382
    Steve 382
    Hardinge up 10% today on earnings report.

    Chuck Dougherty, President and Chief Executive Officer, commented, “We had a strong quarter driven by improved industrial economies in North America and Asia that resulted in higher machine sales. Importantly, we had a very healthy level of orders that support our expectation of a solid 2017.”
  • m
    mayslakeman
    mayslakeman
    52 week high today (although essentially where it hit in early january before falling back). Thomas, thinking of paring back at all?
  • M
    Michael Cho
    Michael Cho
    Earnings release should be this upcoming Friday before the open. SInce there was a solid $12M backlog build last Quarter I'm expecting Revenue to come in around $60-$62M and EPS in the $0.60 - 0.65 range. Should have a positive impact on s
  • Y
    Yahoo Finance Insights
    Yahoo Finance Insights
    HURC is up 5.31% to 33.70
  • Y
    Yahoo Finance Insights
    Yahoo Finance Insights
    HURC is up 5.04% to 31.25
  • J
    JeffreyT
    JeffreyT
    Unheard of volume today. Smoke signal?
  • T
    Thomas
    Thomas
    Good volume today -- sizeable blocks (likely institutional) going off close to the Ask -- good sign for upward $price drift
  • T
    Thomas
    Thomas
    To get a sense of the strength of global growth rates for machine tool arena (generally) ... look at HDNG's Q1 relse today .... Europe orders up +24% while US was flat (Y-O-Y for Q1) .... with HURC's out-sized order book most heavily determined by European markets this is an affirmation how strong the EU machine tool sector has become. Have a good weekend.
  • T
    Thomas
    Thomas
    Manufacturing Indexes reported yesterday/today in the UK, Germany and across the EU remained in the previous month range which is the highest since April 2011. Very bullish for HURC order activity.
  • S
    Steve 382
    Steve 382
    Still seems like the share price is too low. $185M market cap, $55M in cash, so selling for $130M. Profits last 3 years averaged over $20M per year. Also selling at about 0.5 times sales. Oh well, just talking my book.
  • A
    Anonymous
    Anonymous

    Second marriage is the triumph of hope over experience. http://dataunion.tistory.com/2199

    [2016-MAY] Hurco Companies NASDAQ : HURC Correlation Histogram
    X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.5 In other words, the correlation coefficient of the other stock
    dataunion.tistory.com
  • J
    JeffreyT
    JeffreyT
    Unusual degree of volatility and volume in the last week. Probably just random motion, but peculiar nonetheless.
  • S
    Steve 382
    Steve 382

    Earnings out today. Revs and earnings both weaker than I expected. Orders are improving. Still, the cynic in me would say it was may be more than a coincidence that the weak earnings release didn't come out prior to yesterdays annual meeting.

    http://phx.corporate-ir.net/phoenix.zhtml?c=104032&p=irol-newsArticle&ID=2253123

  • A
    Anonymous
    Anonymous
    Not many selling in the 20's. I certainly am not. I say we push 40 by year end.
  • T
    Thomas
    Thomas
    Steve 382 -- did you happen to attend the Annual session this morning in Indy? Impression and mood of Meeting? Thanks in advance.
  • T
    Thomas
    Thomas
    Earnings could be released tomorrow/Friday (3rd) before the open .... they normally release Q1 on first Friday of March. This should serve to "firm-up" the goofing market-making in this stock over the past week. We will again be pushing $30+ shortly with the new results being announced. Very favorable high-end machine tool trends in Germany, UK and US over the past Quarter (and getting stronger).
  • J
    Jerome
    Jerome
    I like their health status at the moment - low debt and still plenty of room to grow
    Is Hurco Companies Inc’s (HURC) Liquidity As Good As Its Solvency?
    Including debt in the capital structure of companies such as Hurco Companies Inc (NASDAQ:HURC), which has no debt, can improve its capital returns as the cost of capital comes down.
    simplywall.st