Hurco Companies, Inc. (NASDAQ:HURC) Stock Catapults 29% Though Its Price And Business Still Lag The Industry
Despite an already strong run, Hurco Companies, Inc. (NASDAQ:HURC) shares have been powering on, with a gain of 29% in the last thirty days. Notwithstanding the latest gain, the annual share price return of 3.2% isn’t as impressive.
Although its price has surged higher, Hurco Companies may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.7x, considering almost half of all companies in the Machinery industry in the United States have P/S ratios greater than 1.4x and even P/S higher than 4x aren’t out of the ordinary. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
View our latest analysis for Hurco Companies
