Gencor Industries Inc. (GENC) CFO Eric E. Mellen Sells 9,000 Shares
Gencor Industries Inc. (NASDAQ:GENC) CFO Eric E. Mellen sold 9,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $16.72, for a total transaction of $150,480.00. Following the completion of the transaction, the chief financial officer now directly owns 26,000 shares of the company’s stock, valued at $434,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Gencor Industries Inc. (NASDAQ:GENC) traded down 1.80% during trading on Thursday, hitting $16.40. 19,767 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $16.10 and its 200-day moving average price is $15.40. Gencor Industries Inc. has a 1-year low of $9.50 and a 1-year high of $17.20. The stock has a market cap of $236.06 million, a PE ratio of 27.80 and a beta of 0.62.
Gencor Industries (NASDAQ:GENC) last posted its quarterly earnings results on Friday, May 5th. The industrial products company reported $0.23 earnings per share for the quarter. Gencor Industries had a net margin of 11.82% and a return on equity of 7.11%. The company had revenue of $22.53 million for the quarter. On average, equities analysts expect that Gencor Industries Inc. will post $0.34 earnings per share for the current fiscal year.
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About Gencor Industries
Gencor Industries, Inc is a manufacturer of heavy machinery used in the production of highway construction materials, synthetic fuels and environmental control equipment. The Company designs, manufactures and sells machinery and related equipment used primarily for the production of asphalt and highway construction materials.
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