Gencor Industries, Inc. (NYSEAMERICAN:GENC – Get Rating)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.14 and traded as high as $14.69. Gencor Industries shares last traded at $14.31, with a volume of 24,819 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. StockNews.com began coverage on Gencor Industries in a research report on Tuesday, January 24th. They set a "hold" rating on the stock. TheStreet upgraded Gencor Industries from a "c-" rating to a "b-" rating in a research report on Friday, February 10th.
Get Gencor Industries alerts:Gencor Industries Price Performance
The business has a 50-day simple moving average of $10.80 and a 200-day simple moving average of $10.14. The firm has a market capitalization of $209.78 million, a PE ratio of 62.22 and a beta of 0.49.
Gencor Industries (NYSEAMERICAN:GENC – Get Rating) last announced its quarterly earnings data on Friday, December 16th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. Gencor Industries had a return on equity of 2.01% and a net margin of 3.09%. The company had revenue of $23.07 million for the quarter.
Hedge Funds Weigh In On Gencor Industries
A number of institutional investors have recently modified their holdings of the stock. Marquette Asset Management LLC acquired a new position in shares of Gencor Industries during the third quarter worth $134,000. State Street Corp boosted its position in Gencor Industries by 17.8% during the first quarter. State Street Corp now owns 17,627 shares of the industrial products company's stock worth $181,000 after acquiring an additional 2,659 shares during the last quarter. SageView Advisory Group LLC acquired a new position in shares of Gencor Industries in the 4th quarter valued at $198,000. Goldman Sachs Group Inc. raised its stake in shares of Gencor Industries by 6.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,127 shares of the industrial products company's stock valued at $207,000 after acquiring an additional 1,252 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in Gencor Industries during the 4th quarter worth $252,000. Hedge funds and other institutional investors own 40.37% of the company's stock.
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.
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