Gencor Industries (NASDAQ:GENC) Stock Price Up 0.1% – Here’s Why

Gencor Industries, Inc. (NASDAQ:GENC) traded up 0.1% during mid-day trading on Wednesday . The company traded as high as $13.00 and last traded at $12.53. 23,970 shares changed hands during trading, a decline of 21% from the average session volume of 30,316 shares. The stock had previously closed at $12.52.

Gencor Industries Price Performance

The business’s fifty day simple moving average is $13.30 and its two-hundred day simple moving average is $14.34. The company has a market cap of $183.66 million, a PE ratio of 11.39 and a beta of 0.50.

Institutional Trading of Gencor Industries

Several institutional investors have recently bought and sold shares of GENC. Vanguard Group Inc. increased its position in shares of Gencor Industries by 1.1% in the third quarter. Vanguard Group Inc. now owns 564,506 shares of the company’s stock valued at $8,259,000 after buying an additional 6,108 shares in the last quarter. Martin & Co. Inc. TN increased its holdings in Gencor Industries by 9.3% in the 3rd quarter. Martin & Co. Inc. TN now owns 319,270 shares of the company’s stock worth $4,671,000 after acquiring an additional 27,043 shares in the last quarter. Teton Advisors LLC acquired a new position in Gencor Industries during the third quarter worth $3,701,000. Geode Capital Management LLC lifted its holdings in Gencor Industries by 1.2% during the second quarter. Geode Capital Management LLC now owns 240,729 shares of the company’s stock valued at $3,371,000 after purchasing an additional 2,913 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in shares of Gencor Industries by 18.0% in the second quarter. Gamco Investors INC. ET AL now owns 224,460 shares of the company’s stock valued at $3,142,000 after purchasing an additional 34,260 shares during the period.

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. The company also provides combustion systems that transform solid, liquid, or gaseous fuels into usable energy, or burn multiple fuels in asphalt and aggregate drying industries; and combustion systems for rotary dryers, kilns, fume and liquid incinerators, and fuel heaters, as well as industrial incinerators.