Somewhat Positive News Coverage Somewhat Unlikely to Impact Gencor Industries (GENC) Share Price
Headlines about Gencor Industries (NASDAQ:GENC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gencor Industries earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.3848772466304 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Gencor Industries (NASDAQ:GENC) traded up $0.10 during midday trading on Monday, reaching $17.60. 20,200 shares of the company were exchanged, compared to its average volume of 34,075. Gencor Industries has a fifty-two week low of $13.20 and a fifty-two week high of $18.45. The company has a market capitalization of $255.63, a P/E ratio of 27.94 and a beta of 0.63.
In related news, Director Cort J. Dondero sold 7,500 shares of Gencor Industries stock in a transaction on Friday, September 15th. The shares were sold at an average price of $16.02, for a total transaction of $120,150.00. Following the completion of the transaction, the director now owns 3,769 shares of the company’s stock, valued at $60,379.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Marc G. Elliott sold 25,000 shares of Gencor Industries stock in a transaction on Monday, September 18th. The shares were sold at an average price of $16.52, for a total transaction of $413,000.00. Following the completion of the sale, the president now directly owns 405,175 shares of the company’s stock, valued at $6,693,491. The disclosure for this sale can be found here. Insiders have sold 316,754 shares of company stock valued at $5,566,469 in the last three months. 31.82% of the stock is owned by insiders.
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About Gencor Industries
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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