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Hurco Companies Announces Executive Chairman Retirement

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Hurco Companies Announces Executive Chairman Retirement

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The latest announcement is out from Hurco Companies ( (HURC) ).

On November 12, 2025, Michael Doar announced his retirement from his role as Executive Chairman of Hurco Companies, effective at the 2026 Annual Meeting of Shareholders. Despite stepping down from his executive position, the Board has nominated him to continue as a non-executive Chairman, reflecting his significant contributions over two decades, including his roles as President and CEO. The transition is part of Hurco’s long-term succession planning and is not due to any disagreement. This move is expected to maintain continuity in leadership while allowing the company to leverage Doar’s extensive industry experience and insights in his new role.

The most recent analyst rating on (HURC) stock is a Hold with a $18.50 price target. To see the full list of analyst forecasts on Hurco Companies stock, see the HURC Stock Forecast page.

Spark’s Take on HURC Stock

According to Spark, TipRanks’ AI Analyst, HURC is a Neutral.

Hurco Companies’ overall stock score is primarily impacted by its financial performance, which shows significant operational challenges. Technical analysis provides a neutral outlook, while poor valuation due to negative earnings further weighs down the score. The absence of earnings call insights and corporate events leaves the financial and technical aspects as the primary determinants.

To see Spark’s full report on HURC stock, click here.

More about Hurco Companies

Hurco Companies, Inc. is an international industrial technology company that specializes in selling computer numeric control (CNC) machine tools to the global metal cutting and metal forming industry. The company offers three brands of machine tools, including Hurco and Milltronics with proprietary interactive controls, and Takumi with third-party industrial controls. Hurco serves various markets such as aerospace, defense, medical equipment, energy, transportation, and computer equipment, with operations in the U.S., Taiwan, Italy, and China, and sales support in multiple countries.

Average Trading Volume: 31,767

Technical Sentiment Signal: Strong Sell

Current Market Cap: $106.7M

Learn more about HURC stock on TipRanks’ Stock Analysis page.

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