Gencor Industries (NASDAQ:GENC) Trading Up 0.5% – Should You Buy?

Gencor Industries, Inc. (NASDAQ:GENC)’s stock price shot up 0.5% during trading on Tuesday . The company traded as high as $15.94 and last traded at $15.51. 21,709 shares changed hands during trading, a decline of 28% from the average daily volume of 30,148 shares. The stock had previously closed at $15.43.

Gencor Industries Price Performance

The business has a 50 day moving average of $14.91 and a 200 day moving average of $14.78. The company has a market cap of $220.90 million, a PE ratio of 13.70 and a beta of 0.48.

Institutional Trading of Gencor Industries

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Gencor Industries by 295.9% in the fourth quarter. Royal Bank of Canada now owns 1,932 shares of the company’s stock worth $25,000 after buying an additional 1,444 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Gencor Industries by 104.1% in the third quarter. BNP Paribas Financial Markets now owns 2,633 shares of the company’s stock worth $39,000 after purchasing an additional 1,343 shares in the last quarter. eCIO Inc. bought a new stake in Gencor Industries during the 4th quarter valued at approximately $46,000. Los Angeles Capital Management LLC purchased a new position in shares of Gencor Industries in the fourth quarter worth $55,000. Finally, Raymond James Financial Inc. bought a new position in shares of Gencor Industries during the second quarter worth $75,000.

Gencor Industries Company Profile

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. The company also provides combustion systems that transform solid, liquid, or gaseous fuels into usable energy, or burn multiple fuels in asphalt and aggregate drying industries; and combustion systems for rotary dryers, kilns, fume and liquid incinerators, and fuel heaters, as well as industrial incinerators.