Gencor Industries (NYSEAMERICAN:GENC) Stock Price Crosses Above 200-Day Moving Average of $11.10

Shares of Gencor Industries, Inc. (NYSEAMERICAN:GENC – Get Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.10 and traded as high as $14.15. Gencor Industries shares last traded at $13.78, with a volume of 13,183 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GENC shares. TheStreet raised Gencor Industries from a “c-” rating to a “b-” rating in a research report on Friday, February 10th. StockNews.com upgraded Gencor Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th.

Gencor Industries Price Performance

The business has a fifty day simple moving average of $13.12 and a two-hundred day simple moving average of $11.10. The company has a market cap of $202.01 million, a PE ratio of 59.92 and a beta of 0.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Gencor Industries by 17.8% during the 1st quarter. State Street Corp now owns 17,627 shares of the industrial products company’s stock worth $181,000 after purchasing an additional 2,659 shares during the last quarter. SageView Advisory Group LLC purchased a new position in Gencor Industries in the fourth quarter valued at about $198,000. Goldman Sachs Group Inc. increased its holdings in Gencor Industries by 6.6% in the first quarter. Goldman Sachs Group Inc. now owns 20,127 shares of the industrial products company’s stock valued at $207,000 after buying an additional 1,252 shares in the last quarter. Citigroup Inc. purchased a new position in Gencor Industries in the first quarter valued at about $244,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Gencor Industries during the 4th quarter worth approximately $252,000. 40.37% of the stock is owned by hedge funds and other institutional investors.

Gencor Industries Company Profile

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Gencor Industries, Inc engages in the designing, manufacturing and sales of heavy machinery and related equipment used in the production of highway construction materials, synthetic fuels and environmental control equipment. Its products include asphalt plants, combustion systems and industrial incinerators, fluid heat transfer systems and asphalt pavers.