Gencor Industries, Inc. (DE) (GENC) Releases Quarterly Earnings Results
Gencor Industries, Inc. (DE) (NASDAQ:GENC) released its earnings results on Wednesday. The industrial products company reported $0.07 EPS for the quarter, Bloomberg Earnings reports. The firm had revenue of $18.56 million for the quarter. Gencor Industries, Inc. (DE) had a return on equity of 7.35% and a net margin of 11.84%.
Gencor Industries, Inc. (GENC) traded up $0.15 during mid-day trading on Thursday, hitting $17.80. The company had a trading volume of 68,300 shares, compared to its average volume of 33,658. The firm has a market cap of $254.16, a price-to-earnings ratio of 28.02 and a beta of 0.62. Gencor Industries, Inc. has a 1-year low of $13.32 and a 1-year high of $18.45.
In other news, major shareholder Sherry Houtkin sold 12,306 shares of the company’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $18.14, for a total transaction of $223,230.84. Following the completion of the sale, the insider now directly owns 1,250,307 shares in the company, valued at approximately $22,680,568.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Eric E. Mellen sold 11,750 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $16.55, for a total value of $194,462.50. Following the sale, the chief financial officer now owns 14,250 shares of the company’s stock, valued at $235,837.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 315,754 shares of company stock worth $5,550,919. Insiders own 31.82% of the company’s stock.
Gencor Industries, Inc. (DE) Company Profile
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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