Gencor Industries, Inc. (NASDAQ:GENC – Get Free Report) rose 1.4% during mid-day trading on Tuesday . The company traded as high as $13.16 and last traded at $12.92. Approximately 31,947 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 30,524 shares. The stock had previously closed at $12.74.
Gencor Industries Stock Performance
The company’s 50-day moving average price is $13.86 and its 200 day moving average price is $14.45. The stock has a market capitalization of $197.88 million, a P/E ratio of 12.27 and a beta of 0.49.
Hedge Funds Weigh In On Gencor Industries
Several large investors have recently made changes to their positions in GENC. Hsbc Holdings PLC purchased a new position in shares of Gencor Industries in the first quarter worth $189,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Gencor Industries during the first quarter valued at $207,000. Nuveen LLC bought a new stake in Gencor Industries in the 1st quarter valued at $560,000. Goldman Sachs Group Inc. lifted its stake in Gencor Industries by 16.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,782 shares of the company’s stock worth $1,067,000 after purchasing an additional 12,462 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Gencor Industries by 16.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 190,200 shares of the company’s stock worth $2,313,000 after purchasing an additional 26,300 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.
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