Zacks Initiates Coverage of Hurco With Underperform Recommendation

Zacks Investment Research has recently initiated coverage of Hurco Companies, Inc. (HURC) , assigning an "Underperform" recommendation to the company's shares. This bearish stance reflects significant concerns over the company's recent financial performance and operational challenges. In the second quarter of fiscal 2024, Hurco's sales and service fees plummeted 16.1%, significantly impacting profitability. The company reported a net loss of $3.9 million against a $0.4 million profit in the year-ago quarter ...