Gencor Industries (NASDAQ:GENC) Trading Down 0.9% – Time to Sell?

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

Gencor Industries Trading Down 0.3%

The company has a market cap of $215.91 million, a price-to-earnings ratio of 13.39 and a beta of 0.49. The firm’s 50-day moving average price is $14.78 and its 200 day moving average price is $14.36.

Hedge Funds Weigh In On Gencor Industries

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in Gencor Industries by 11.3% during the 1st quarter. Renaissance Technologies LLC now owns 383,008 shares of the company’s stock valued at $5,745,000 after acquiring an additional 39,034 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Gencor Industries by 17.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 302,200 shares of the company’s stock valued at $4,533,000 after acquiring an additional 44,000 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Gencor Industries by 8.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 91,998 shares of the company’s stock worth $1,380,000 after purchasing an additional 7,338 shares during the period. Sei Investments Co. boosted its holdings in shares of Gencor Industries by 91.7% in the 1st quarter. Sei Investments Co. now owns 60,205 shares of the company’s stock worth $903,000 after buying an additional 28,807 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its holdings 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 worth $1,755,000 after buying an additional 101,000 shares during 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.