Gencor Industries, Inc. (DE) (NASDAQ:GENC) Shares Cross Above 50 Day Moving Average of $12.01

Gencor Industries, Inc. (DE) (NASDAQ:GENC) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.01 and traded as high as $12.60. Gencor Industries, Inc. (DE) shares last traded at $12.46, with a volume of 7,281 shares changing hands.

The company has a market cap of $189.02 million, a price-to-earnings ratio of 12.98 and a beta of 0.72. The stock’s 50 day moving average price is $12.02.

Gencor Industries, Inc. (DE) (NASDAQ:GENC) last announced its quarterly earnings results on Friday, May 3rd. The industrial products company reported $0.51 EPS for the quarter. Gencor Industries, Inc. (DE) had a net margin of 15.35% and a return on equity of 9.94%. The business had revenue of $26.67 million for the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Systematic Financial Management LP grew its stake in Gencor Industries, Inc. (DE) by 4.7% in the 1st quarter. Systematic Financial Management LP now owns 914,906 shares of the industrial products company’s stock valued at $11,308,000 after buying an additional 41,056 shares during the last quarter. Bank of America Corp DE grew its stake in Gencor Industries, Inc. (DE) by 9.9% in the 4th quarter. Bank of America Corp DE now owns 31,337 shares of the industrial products company’s stock valued at $344,000 after buying an additional 2,821 shares during the last quarter. BlackRock Inc. grew its stake in Gencor Industries, Inc. (DE) by 3.4% in the 4th quarter. BlackRock Inc. now owns 463,160 shares of the industrial products company’s stock valued at $5,081,000 after buying an additional 15,233 shares during the last quarter. Alambic Investment Management L.P. grew its stake in Gencor Industries, Inc. (DE) by 188.1% in the 4th quarter. Alambic Investment Management L.P. now owns 34,191 shares of the industrial products company’s stock valued at $375,000 after buying an additional 22,322 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Gencor Industries, Inc. (DE) by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 444,855 shares of the industrial products company’s stock valued at $5,360,000 after buying an additional 12,588 shares during the last quarter. Institutional investors and hedge funds own 45.03% of the company’s stock.

Gencor Industries, Inc. (DE) Company Profile (NASDAQ:GENC)

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. The company 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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