Gencor Industries (NASDAQ:GENC) Trading Down 0.9% – What’s Next?

Gencor Industries, Inc. (NASDAQ:GENC) shares traded down 0.9% during mid-day trading on Monday . The stock traded as low as $14.76 and last traded at $14.81. 32,182 shares changed hands during trading, an increase of 12% from the average session volume of 28,851 shares. The stock had previously closed at $14.95.

Gencor Industries Stock Down 0.9%

The firm has a fifty day moving average of $14.78 and a 200-day moving average of $14.35. The firm has a market cap of $217.08 million, a P/E ratio of 13.46 and a beta of 0.49.

Hedge Funds Weigh In On Gencor Industries

Several large investors have recently bought and sold shares of the business. Teton Advisors LLC acquired a new stake in Gencor Industries during the 3rd quarter worth $3,701,000. North Star Investment Management Corp. lifted its stake in shares of Gencor Industries by 631.3% in the 1st quarter. North Star Investment Management Corp. now owns 117,000 shares of the company’s stock valued at $1,755,000 after purchasing an additional 101,000 shares during the period. Rothschild Wealth LLC bought a new position in shares of Gencor Industries in the 4th quarter worth $740,000. Gamco Investors INC. ET AL boosted its position in shares of Gencor Industries by 22.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 258,200 shares of the company’s stock worth $3,346,000 after purchasing an additional 47,600 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Gencor Industries during the third quarter worth $650,000.

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.