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

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

Gencor Industries Stock Up 0.7 %

Shares of Gencor Industries stock opened at $21.90 on Tuesday. Gencor Industries has a one year low of $13.79 and a one year high of $24.88. The stock’s fifty day moving average is $20.22 and its 200 day moving average is $19.79.

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

Institutional Investors Weigh In On Gencor Industries

A number of institutional investors and hedge funds have recently bought and sold shares of GENC. Ellsworth Advisors LLC bought a new stake in Gencor Industries during the third quarter valued at about $626,000. Squarepoint Ops LLC bought a new stake in shares of Gencor Industries in the second quarter worth about $377,000. Dimensional Fund Advisors LP increased its holdings in shares of Gencor Industries by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 778,539 shares of the company’s stock worth $15,056,000 after purchasing an additional 18,904 shares during the last quarter. Aristides Capital LLC bought a new stake in shares of Gencor Industries in the first quarter worth about $188,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Gencor Industries in the second quarter worth about $163,000.

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.