Gencor Industries (NASDAQ:GENC) Trading 0.5% Higher – What’s Next?

Shares of Gencor Industries, Inc. (NASDAQ:GENC) shot up 0.5% on Tuesday . The stock traded as high as $15.94 and last traded at $15.51. Approximately 21,709 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 30,148 shares. The stock had previously closed at $15.43.

Gencor Industries Trading Up 0.5%

The business has a 50-day moving average price of $14.90 and a 200-day moving average price of $14.77. The firm has a market cap of $227.35 million, a P/E ratio of 14.10 and a beta of 0.48.

Institutional Trading of Gencor Industries

Hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in Gencor Industries by 16.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,782 shares of the company’s stock worth $1,067,000 after acquiring an additional 12,462 shares in the last quarter. Jane Street Group LLC purchased a new position in Gencor Industries during the 1st quarter valued at about $194,000. Strs Ohio bought a new stake in shares of Gencor Industries in the 1st quarter valued at about $136,000. Geode Capital Management LLC raised its holdings in shares of Gencor Industries by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 240,729 shares of the company’s stock valued at $3,371,000 after purchasing an additional 2,913 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Gencor Industries by 78.6% in the 2nd quarter. Hsbc Holdings PLC now owns 27,742 shares of the company’s stock valued at $416,000 after purchasing an additional 12,213 shares in the last quarter.

Gencor Industries Company Profile

Gencor Industries, Inc, together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. It offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants. The company also provides combustion systems that transform solid, liquid, or gaseous fuels into usable energy, or burn multiple fuels in asphalt and aggregate drying industries; and combustion systems for rotary dryers, kilns, fume and liquid incinerators, and fuel heaters, as well as industrial incinerators.