Gencor Industries (NASDAQ:GENC) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Gencor Industries (NASDAQ:GENCGet Rating) in a report released on Monday morning. The firm issued a hold rating on the industrial products company’s stock.

Gencor Industries Trading Down 1.1 %

Shares of NASDAQ GENC opened at $9.97 on Monday. Gencor Industries has a one year low of $8.38 and a one year high of $12.32. The firm has a market capitalization of $146.16 million, a PE ratio of -110.78 and a beta of 0.51. The business has a 50-day moving average price of $9.52 and a two-hundred day moving average price of $9.77.

Institutional Investors Weigh In On Gencor Industries

A number of institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL boosted its position in Gencor Industries by 32.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 96,400 shares of the industrial products company’s stock worth $869,000 after acquiring an additional 23,700 shares during the period. Royce & Associates LP boosted its position in Gencor Industries by 1.8% during the 3rd quarter. Royce & Associates LP now owns 1,390,000 shares of the industrial products company’s stock worth $12,524,000 after acquiring an additional 24,000 shares during the period. Brinker Capital Investments LLC boosted its position in Gencor Industries by 6.9% during the 3rd quarter. Brinker Capital Investments LLC now owns 83,186 shares of the industrial products company’s stock worth $750,000 after acquiring an additional 5,394 shares during the period. Martin & Co. Inc. TN boosted its position in Gencor Industries by 3.4% during the 3rd quarter. Martin & Co. Inc. TN now owns 215,788 shares of the industrial products company’s stock worth $1,944,000 after acquiring an additional 7,021 shares during the period. Finally, Marquette Asset Management LLC acquired a new stake in Gencor Industries during the 3rd quarter worth about $134,000. 40.84% of the stock is currently owned by institutional investors and hedge funds.

Gencor Industries Company Profile

(Get Rating)

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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