Gencor Industries (NASDAQ:GENC) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Gencor Industries (NASDAQ:GENCFree Report) from a hold rating to a buy rating in a report published on Tuesday.

Gencor Industries Stock Performance

Gencor Industries stock opened at $20.31 on Tuesday. Gencor Industries has a 52 week low of $13.50 and a 52 week high of $24.88. The firm has a market cap of $297.74 million, a P/E ratio of 17.66 and a beta of 0.43. The business’s fifty day moving average is $20.01 and its two-hundred day moving average is $18.40.

Gencor Industries (NASDAQ:GENCGet Free Report) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $25.55 million for the quarter. Gencor Industries had a net margin of 14.61% and a return on equity of 9.14%.

Institutional Trading of Gencor Industries

A number of hedge funds and other institutional investors have recently modified their holdings of GENC. BNP Paribas Financial Markets boosted its position in Gencor Industries by 52.7% in the 1st quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock valued at $85,000 after buying an additional 1,765 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Gencor Industries during the second quarter valued at $163,000. Aristides Capital LLC bought a new position in Gencor Industries in the first quarter valued at about $188,000. Rhumbline Advisers increased its position in Gencor Industries by 4.1% in the second quarter. Rhumbline Advisers now owns 11,767 shares of the company’s stock worth $228,000 after purchasing an additional 465 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Gencor Industries during the 2nd quarter worth about $377,000.

Gencor Industries Company Profile

(Get Free Report)

Gencor Industries, Inc, together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. It offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants.

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