Gencor Industries Inc. (GENC) CFO Sells $150,480.00 in Stock
Gencor Industries Inc. (NASDAQ:GENC) CFO Eric E. Mellen sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $16.72, for a total transaction of $150,480.00. Following the completion of the transaction, the chief financial officer now directly owns 26,000 shares of the company’s stock, valued at $434,720. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Gencor Industries Inc. (NASDAQ GENC) traded down 0.61% on Monday, reaching $16.20. 24,715 shares of the company’s stock traded hands. The firm’s 50-day moving average is $16.06 and its 200-day moving average is $15.46. Gencor Industries Inc. has a 52-week low of $9.52 and a 52-week high of $17.20. The stock has a market cap of $233.18 million, a price-to-earnings ratio of 27.46 and a beta of 0.62.
Gencor Industries (NASDAQ:GENC) last announced its earnings results on Friday, May 5th. The industrial products company reported $0.23 earnings per share for the quarter. Gencor Industries had a return on equity of 7.11% and a net margin of 11.82%. The firm had revenue of $22.53 million during the quarter. Analysts anticipate that Gencor Industries Inc. will post $0.34 EPS for the current fiscal year.
Gencor Industries Company Profile
Gencor Industries, Inc is a manufacturer of heavy machinery used in the production of highway construction materials, synthetic fuels and environmental control equipment. The Company designs, manufactures and sells machinery and related equipment used primarily for the production of asphalt and highway construction materials.
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