Gencor Industries (NASDAQ:GENC) Downgraded by StockNews.com

Gencor Industries (NASDAQ:GENC) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Gencor Industries Trading Down 1.3 %

GENC traded down $0.25 on Wednesday, reaching $19.21. The company had a trading volume of 15,102 shares, compared to its average volume of 33,894. The company has a fifty day moving average of $20.20 and a 200-day moving average of $18.62. The company has a market capitalization of $281.62 million, a P/E ratio of 16.70 and a beta of 0.43. Gencor Industries has a one year low of $13.50 and a one year high of $24.88.

Gencor Industries (NASDAQ:GENC) last announced its earnings results on Friday, August 9th. The company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $25.55 million during the quarter. Gencor Industries had a net margin of 14.33% and a return on equity of 8.60%.

Institutional Investors Weigh In On Gencor Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in Gencor Industries by 52.7% in the 1st quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock valued at $85,000 after acquiring an additional 1,765 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Gencor Industries in the 2nd quarter valued at about $163,000. Aristides Capital LLC acquired a new stake in Gencor Industries in the 1st quarter valued at about $188,000. Rhumbline Advisers lifted its holdings in Gencor Industries by 4.1% in the 2nd quarter. Rhumbline Advisers now owns 11,767 shares of the company’s stock valued at $228,000 after acquiring an additional 465 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Gencor Industries in the 2nd quarter valued at about $377,000.

About Gencor Industries

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.