Insider Selling: Sherry Houtkin Unloads 1,208 Shares of Gencor Industries, Inc. (DE) Stock (GENC)
Gencor Industries, Inc. (DE) (NASDAQ:GENC) major shareholder Sherry Houtkin unloaded 1,208 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $10.20, for a total value of $12,321.60. Following the transaction, the insider now directly owns 1,717,185 shares of the company’s stock, valued at approximately $17,515,287. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Gencor Industries, Inc. (NASDAQ:GENC) traded up 0.39% during mid-day trading on Thursday, hitting $10.19. The stock had a trading volume of 2,615 shares. Gencor Industries, Inc. has a 52-week low of $7.75 and a 52-week high of $11.62. The stock’s 50-day moving average is $10.65 and its 200-day moving average is $10.54. The company has a market cap of $97.0 million and a P/E ratio of 15.47.
Gencor Industries, Inc. (DE) (NASDAQ:GENC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters 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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