- Hurco reported strong revenue growth on recovering industrial demand, though gross margins were hit by competitors that choose to cut prices to move excess inventory.
- Orders continue to show a recovery underway across all markets, but Hurco management and other machine tool companies have remained relatively cautious on the near-term outlook.
- Hurco shares continue to look undervalued below $40, and recovering manufacturing end-markets should drive much improved results in 2021 and 2022.
For further details see:
Hurco Seeing A Quicker Pace Of Recovery, And Still Undervalued