Hurco Co. (HURC) shares fell 16% after announcing temporary suspension of quarterly cash dividend.

Hurco Co. (HURC) shares fell 16% in pre-market activity after announcing the temporary suspension of its regular quarterly cash dividend. The industrial company aims to enhance financial flexibility and manage market volatility, focusing on balance sheet strengthening and research & development investments. The Board will evaluate potential future cash dividends depending on market conditions and cash flow.