Gencor Industries (NASDAQ:GENC) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Gencor Industries (NASDAQ:GENC) from a buy rating to a hold rating in a report published on Tuesday.

Gencor Industries Stock Performance

Gencor Industries stock opened at $21.06 on Tuesday. Gencor Industries has a one year low of $15.23 and a one year high of $24.88. The stock’s 50 day moving average price is $21.19 and its 200 day moving average price is $20.38. The firm has a market capitalization of $308.74 million, a PE ratio of 19.15 and a beta of 0.43.

Institutional Investors Weigh In On Gencor Industries

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in shares of Gencor Industries during the 2nd quarter valued at approximately $163,000. Rhumbline Advisers lifted its position in shares of Gencor Industries by 4.1% during the second quarter. Rhumbline Advisers now owns 11,767 shares of the company’s stock worth $228,000 after purchasing an additional 465 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in Gencor Industries during the third quarter valued at approximately $392,000. Squarepoint Ops LLC bought a new position in Gencor Industries during the 2nd quarter worth approximately $377,000. Finally, Barclays PLC grew its position in shares of Gencor Industries by 82.7% in the 3rd quarter. Barclays PLC now owns 21,957 shares of the company’s stock worth $459,000 after acquiring an additional 9,938 shares in the last quarter.

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.