Gencor Industries (NASDAQ:GENC) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Gencor Industries (NASDAQ:GENC) from a hold rating to a buy rating in a report issued on Tuesday.

Gencor Industries Trading Up 0.7 %

GENC opened at $21.90 on Tuesday. Gencor Industries has a 12 month low of $13.79 and a 12 month high of $24.88. The stock has a 50-day moving average of $20.22 and a 200 day moving average of $19.79.

Gencor Industries (NASDAQ:GENC) last announced its earnings results on Friday, August 9th. The company reported $0.17 earnings per share (EPS) for the quarter. Gencor Industries had a return on equity of 8.60% and a net margin of 14.33%. The business had revenue of $25.55 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GENC. Ellsworth Advisors LLC purchased a new position in shares of Gencor Industries during the third quarter valued at approximately $626,000. Squarepoint Ops LLC purchased a new position in shares of Gencor Industries during the second quarter valued at approximately $377,000. Dimensional Fund Advisors LP boosted its position in shares of Gencor Industries by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 778,539 shares of the company’s stock valued at $15,056,000 after buying an additional 18,904 shares during the period. Aristides Capital LLC purchased a new position in shares of Gencor Industries during the first quarter valued at approximately $188,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Gencor Industries during the second quarter valued at approximately $163,000.

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.