Gencor Industries (NASDAQ:GENC – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.
Gencor Industries Stock Performance
Shares of GENC stock opened at $16.69 on Thursday. The stock’s fifty day moving average is $16.25 and its two-hundred day moving average is $15.36. Gencor Industries has a fifty-two week low of $12.34 and a fifty-two week high of $16.94.
Gencor Industries (NASDAQ:GENC – Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $26.02 million for the quarter. Gencor Industries had a return on equity of 8.61% and a net margin of 14.74%.
Insider Buying and Selling at Gencor Industries
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System purchased a new position in shares of Gencor Industries during the 2nd quarter worth $55,000. BNP Paribas Arbitrage SNC raised its holdings in shares of Gencor Industries by 3,282.9% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 3,755 shares of the company’s stock worth $59,000 after acquiring an additional 3,644 shares during the period. MetLife Investment Management LLC purchased a new position in shares of Gencor Industries during the 2nd quarter worth $87,000. JPMorgan Chase & Co. raised its holdings in shares of Gencor Industries by 60,000.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,414 shares of the company’s stock worth $131,000 after acquiring an additional 8,400 shares during the period. Finally, Barclays PLC purchased a new position in shares of Gencor Industries during the 2nd quarter worth $159,000.
Gencor Industries Company Profile
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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