Gencor Industries (NASDAQ:GENC) Trading 1.4% Higher – Still a Buy?

Gencor Industries, Inc. (NASDAQ:GENC)’s share price shot up 1.4% during mid-day trading on Tuesday . The company traded as high as $13.16 and last traded at $12.92. 31,947 shares were traded during trading, an increase of 5% from the average session volume of 30,524 shares. The stock had previously closed at $12.74.

Gencor Industries Stock Up 1.4%

The stock has a market capitalization of $189.38 million, a price-to-earnings ratio of 11.75 and a beta of 0.49. The business’s 50 day simple moving average is $13.92 and its 200-day simple moving average is $14.47.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GENC. Evermay Wealth Management LLC acquired a new stake in Gencor Industries in the second quarter valued at approximately $26,000. BNP Paribas Financial Markets grew its holdings in shares of Gencor Industries by 104.1% during the third quarter. BNP Paribas Financial Markets now owns 2,633 shares of the company’s stock worth $39,000 after purchasing an additional 1,343 shares during the last quarter. eCIO Inc. acquired a new position in shares of Gencor Industries during the first quarter worth $43,000. Raymond James Financial Inc. bought a new stake in shares of Gencor Industries in the second quarter worth $75,000. Finally, Strs Ohio acquired a new stake in Gencor Industries in the first quarter valued at $136,000.

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.