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HURC - Hurco Seems To Have Reached Its Bottom And Now On To The Recovery
Hurco Companies Inc.
Trying to call a bottom in the machine tool space is a good way to look foolish, but I think we're finally there - based not only on the commentary of companies like DMG Mori (MRSKY) and the results posted by Hurco (HURC) today but also looking at other trends and commentary in the industrial space. With this quarter, Hurco's orders have spent two quarters at close to 50% below the prior peak, and I believe the company will see sequential revenue growth in the next quarter and quite possibly a