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Gencor Industries, Inc. (DE) (NASDAQ:GENC) major shareholder Sherry Houtkin sold 2,200 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $10.16, for a total value of $22,352.00. Following the sale, the insider now directly owns 1,717,185 shares of the company’s stock, valued at approximately $17,446,600. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of Gencor Industries, Inc. (NASDAQ:GENC) opened at 10.15 on Thursday. Gencor Industries, Inc. has a 1-year low of $7.75 and a 1-year high of $11.62. The stock has a 50-day moving average of $10.65 and a 200-day moving average of $10.54. The company has a market cap of $96.6 million and a price-to-earnings ratio of 15.50.

Gencor Industries, Inc. (DE) (NASDAQ:GENC) last released its earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.03. On average, analysts predict that Gencor Industries, Inc. will post $0.47 earnings per share for the current fiscal year.

Gencor Industries, Inc (NASDAQ:GENC) with its subsidiaries is a manufacturer of heavy machinery used in the production of highway construction materials, synthetic fuels, and environmental control equipment.

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