Gencor Industries (NASDAQ:GENC) Upgraded by StockNews.com to “Buy” Rating

Gencor Industries (NASDAQ:GENC) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Gencor Industries Trading Up 8.2 %

GENC stock opened at $22.30 on Tuesday. Gencor Industries has a twelve month low of $13.72 and a twelve month high of $24.88. The firm’s fifty day simple moving average is $20.14 and its two-hundred day simple moving average is $19.74.

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

Hedge Funds Weigh In On Gencor Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pullen Investment Management LLC grew its stake in shares of Gencor Industries by 2.5% during the 3rd quarter. Pullen Investment Management LLC now owns 59,603 shares of the company’s stock worth $1,243,000 after purchasing an additional 1,474 shares during the period. Ellsworth Advisors LLC acquired a new stake in Gencor Industries in the 3rd quarter valued at $626,000. Squarepoint Ops LLC purchased a new position in Gencor Industries in the 2nd quarter valued at $377,000. Renaissance Technologies LLC lifted its holdings in Gencor Industries by 1.2% in the 2nd quarter. Renaissance Technologies LLC now owns 386,174 shares of the company’s stock valued at $7,469,000 after purchasing an additional 4,510 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Gencor Industries by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 778,539 shares of the company’s stock valued at $15,056,000 after purchasing an additional 18,904 shares in the last quarter.

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.