Gencor Industries (NASDAQ:GENC) Stock Rating Lowered by StockNews.com

Gencor Industries (NASDAQ:GENC) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Gencor Industries Stock Performance

Shares of NASDAQ:GENC opened at $18.94 on Wednesday. The business’s fifty day moving average price is $20.21 and its two-hundred day moving average price is $18.62. The stock has a market cap of $277.66 million, a PE ratio of 16.63 and a beta of 0.43. Gencor Industries has a one year low of $13.50 and a one year high of $24.88.

Gencor Industries (NASDAQ:GENC) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.17 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 for the quarter.

Institutional Investors Weigh In On Gencor Industries

Several hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC lifted its position in Gencor Industries by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 64,461 shares of the company’s stock worth $1,040,000 after buying an additional 4,263 shares during the period. Vanguard Group Inc. boosted its position in shares of Gencor Industries by 1.0% in the first quarter. Vanguard Group Inc. now owns 545,572 shares of the company’s stock worth $9,106,000 after acquiring an additional 5,189 shares during the last quarter. Aristides Capital LLC purchased a new stake in Gencor Industries in the first quarter valued at approximately $188,000. BNP Paribas Financial Markets grew its holdings in Gencor Industries by 52.7% in the first quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock valued at $85,000 after purchasing an additional 1,765 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Gencor Industries during the second quarter worth approximately $377,000.

About Gencor Industries

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.