StockNews.com Upgrades Gencor Industries (NASDAQ:GENC) to “Buy”

StockNews.com upgraded shares of Gencor Industries (NASDAQ:GENC) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

Gencor Industries Trading Down 0.1 %

GENC stock opened at $21.39 on Thursday. Gencor Industries has a twelve month low of $14.15 and a twelve month high of $24.88. The business’s fifty day simple moving average is $20.46 and its two-hundred day simple moving average is $19.98.

Institutional Investors Weigh In On Gencor Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC bought a new stake in Gencor Industries during the 3rd quarter valued at $626,000. Vanguard Group Inc. increased its stake in shares of Gencor Industries by 1.0% during the first quarter. Vanguard Group Inc. now owns 545,572 shares of the company’s stock valued at $9,106,000 after buying an additional 5,189 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Gencor Industries by 1.2% in the second quarter. Renaissance Technologies LLC now owns 386,174 shares of the company’s stock valued at $7,469,000 after acquiring an additional 4,510 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Gencor Industries in the second quarter worth about $163,000. Finally, Bank of New York Mellon Corp grew its holdings in Gencor Industries by 4.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 73,012 shares of the company’s stock worth $1,412,000 after acquiring an additional 3,125 shares in the last quarter.

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.