Gencor Industries, Inc. (NYSEAMERICAN:GENC – Get Rating)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.14 and traded as high as $12.76. Gencor Industries shares last traded at $12.56, with a volume of 26,123 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on GENC shares. TheStreet raised shares of Gencor Industries from a "c-" rating to a "b-" rating in a research report on Friday, February 10th. StockNews.com started coverage on shares of Gencor Industries in a research report on Tuesday, January 24th. They set a "hold" rating for the company.
Get Gencor Industries alerts:Gencor Industries Price Performance
The firm's fifty day moving average price is $10.80 and its 200-day moving average price is $10.14. The firm has a market capitalization of $184.13 million, a P/E ratio of 54.61 and a beta of 0.56.
Gencor Industries (NYSEAMERICAN:GENC – Get Rating) last posted its quarterly earnings data on Friday, December 16th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $23.07 million during the quarter. Gencor Industries had a net margin of 3.09% and a return on equity of 2.01%.
Institutional Trading of Gencor Industries
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Gencor Industries by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 515,807 shares of the industrial products company's stock valued at $5,303,000 after acquiring an additional 35,103 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Gencor Industries in the 4th quarter valued at approximately $252,000. Royce & Associates LP lifted its position in shares of Gencor Industries by 1.8% in the 3rd quarter. Royce & Associates LP now owns 1,390,000 shares of the industrial products company's stock valued at $12,524,000 after acquiring an additional 24,000 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Gencor Industries by 32.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 96,400 shares of the industrial products company's stock valued at $869,000 after acquiring an additional 23,700 shares in the last quarter. Finally, SageView Advisory Group LLC purchased a new stake in shares of Gencor Industries in the 4th quarter valued at approximately $198,000. 40.37% of the stock is owned by institutional investors and hedge funds.
Gencor Industries Company Profile
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Gencor Industries, Inc engages in the designing, manufacturing and sales of heavy machinery and related equipment used in the production of highway construction materials, synthetic fuels and environmental control equipment. Its products include asphalt plants, combustion systems and industrial incinerators, fluid heat transfer systems and asphalt pavers.
Further Reading
- Get a free copy of the StockNews.com research report on Gencor Industries (GENC)
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