Gencor Industries (NASDAQ:GENC) Shares Down 2.5% - Here's Why

Gencor Industries, Inc. (NASDAQ:GENC - Get Free Report) traded down 2.5% during trading on Friday . The stock traded as low as $13.73 and last traded at $13.84. 24,228 shares were traded during trading, a decline of 14% from the average session volume of 28,203 shares. The stock had previously closed at $14.20.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on shares of Gencor Industries in a research report on Friday, May 16th. They set a "hold" rating for the company.

Gencor Industries Trading Down 2.5%

The firm has a market capitalization of $202.87 million, a P/E ratio of 12.58 and a beta of 0.52. The company has a 50 day simple moving average of $14.22 and a two-hundred day simple moving average of $13.76.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Nuveen LLC bought a new stake in Gencor Industries in the first quarter worth $560,000. Systematic Financial Management LP lifted its position in Gencor Industries by 2.5% in the fourth quarter. Systematic Financial Management LP now owns 1,178,065 shares of the company's stock worth $20,793,000 after buying an additional 28,732 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Gencor Industries by 16.0% in the first quarter. Gamco Investors INC. ET AL now owns 190,200 shares of the company's stock worth $2,313,000 after buying an additional 26,300 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Gencor Industries by 122.2% in the fourth quarter. JPMorgan Chase & Co. now owns 43,804 shares of the company's stock worth $773,000 after buying an additional 24,093 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Gencor Industries by 56.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 60,534 shares of the company's stock worth $1,068,000 after buying an additional 21,793 shares during the last quarter.

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.