An industrial technology company; designs and produces interactive, personal computer based, computer control systems and software and computerized machine tools for sale to the metal working industry.
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Hurco is a well run company that makes machines that make tools that they sell to other companies so they can make more tools. Sounds confusing? What's not confusing is the opportunity for growth and their cheap share price. Asia still remains an untapped area for Hurco, while Europe remains strong, and in the US, success will be hitting last years numbers. With a PB of 1.85 and a tangible price to book value of only 8 there's room for multiple expansion at any glimmer hope for improved business.