Analysts at StockNews.com began coverage on shares of Gencor Industries (NASDAQ:GENC - Get Free Report) in a note issued to investors on Friday. The firm set a "hold" rating on the stock.
Gencor Industries Stock Performance
Shares of GENC stock opened at $13.79 on Friday. The business's 50 day moving average price is $12.35 and its 200-day moving average price is $15.82. The firm has a market cap of $202.13 million, a P/E ratio of 12.54 and a beta of 0.49. Gencor Industries has a fifty-two week low of $10.80 and a fifty-two week high of $24.88.
Hedge Funds Weigh In On Gencor Industries
A number of institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in Gencor Industries during the 4th quarter valued at about $34,000. GAMMA Investing LLC lifted its holdings in Gencor Industries by 1,247.2% in the 1st quarter. GAMMA Investing LLC now owns 3,624 shares of the company's stock worth $44,000 after purchasing an additional 3,355 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Gencor Industries during the first quarter worth $189,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Gencor Industries during the first quarter valued at about $207,000. Finally, Bank of America Corp DE grew its holdings in Gencor Industries by 32.5% during the 4th quarter. Bank of America Corp DE now owns 11,981 shares of the company's stock valued at $211,000 after buying an additional 2,938 shares in the last quarter.
Gencor Industries Company Profile
(
Get Free Report)
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.
Further Reading
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