Insider Selling: Gencor Industries, Inc. (DE) major shareholder Unloads 344 Shares of Stock (GENC)
Gencor Industries, Inc. (DE) (NASDAQ:GENC) major shareholder Sherry Houtkin sold 344 shares of Gencor Industries, Inc. (DE) stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $10.20, for a total transaction of $3,508.80. Following the completion of the sale, the insider now directly owns 1,711,919 shares in the company, valued at approximately $17,461,574. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Gencor Industries, Inc. (NASDAQ:GENC) traded down 0.37% during mid-day trading on Friday, hitting $10.15. The stock had a trading volume of 9,495 shares. Gencor Industries, Inc. has a 1-year low of $7.80 and a 1-year high of $11.62. The stock has a 50-day moving average of $10.6 and a 200-day moving average of $10.54. The company has a market cap of $96.6 million and a P/E ratio of 15.53.
Gencor Industries, Inc. (DE) (NASDAQ:GENC) last issued its quarterly 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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