StockNews.com upgraded shares of Gencor Industries (NASDAQ:GENC – Free Report) from a hold rating to a buy rating in a report published on Thursday morning.
Gencor Industries Price Performance
Shares of GENC traded up $0.05 during mid-day trading on Thursday, hitting $21.47. 3,953 shares of the company’s stock were exchanged, compared to its average volume of 31,399. Gencor Industries has a 52 week low of $14.15 and a 52 week high of $24.88. The company has a 50-day simple moving average of $20.36 and a 200 day simple moving average of $19.92.
Institutional Investors Weigh In On Gencor Industries
Several large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its position in shares of Gencor Industries by 52.7% in the first quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock worth $85,000 after purchasing an additional 1,765 shares during the period. Acadian Asset Management LLC bought a new position in Gencor Industries in the second quarter valued at about $163,000. Aristides Capital LLC acquired a new stake in shares of Gencor Industries during the first quarter valued at about $188,000. Rhumbline Advisers boosted its stake in shares of Gencor Industries by 4.1% during the second quarter. Rhumbline Advisers now owns 11,767 shares of the company’s stock valued at $228,000 after purchasing an additional 465 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Gencor Industries during the second 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.
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