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Equities research analysts at Singular Research began coverage on shares of Gencor Industries (NASDAQ:GENC) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $13.75 price target on the stock. Singular Research’s price objective would suggest a potential upside of 42.49% from the stock’s previous close.

Shares of Gencor Industries (NASDAQ:GENC) traded up 2.90% during mid-day trading on Thursday, hitting $9.93. 1,780 shares of the company’s stock traded hands. Gencor Industries has a 52 week low of $6.94 and a 52 week high of $11.62. The stock’s 50-day moving average is $10.21 and its 200-day moving average is $9.88. The company has a market cap of $94.5 million and a price-to-earnings ratio of 12.99.

Gencor Industries, Inc designs, manufactures and sells machinery and related equipment used primarily for the production of asphalt and highway construction materials.

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