- Hurco reported improved fiscal second quarter performance, with revenue and order growth of 56% and 80%, respectively, and a 1.13x book-to-bill, but revenue and order levels still below longer-term levels.
- Capex demand is still uneven across sectors, but both the U.S. and Germany are seeing meaningful improvements in machine tool orders and capacity utilization.
- Hurco shares look undervalued below $40, with at least a few more quarters of recovery on the way, and a more sustained economic recovery/expansion should support these unfollowed shares.
For further details see:
Hurco Seeing Real Evidence Of The Turn