Gencor Industries (GENC) Receiving Somewhat Positive Media Coverage, Analysis Shows

News coverage about Gencor Industries (NASDAQ:GENC) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gencor Industries earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 41 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Gencor Industries (NASDAQ:GENC) opened at 16.10 on Tuesday. The firm’s 50-day moving average is $16.04 and its 200-day moving average is $15.49. Gencor Industries has a 52-week low of $10.58 and a 52-week high of $17.20. The stock has a market capitalization of $231.74 million, a price-to-earnings ratio of 27.29 and a beta of 0.60.

Gencor Industries (NASDAQ:GENC) last posted its quarterly earnings results on Friday, May 5th. The industrial products company reported $0.23 EPS 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 predict that Gencor Industries will post $0.34 earnings per share for the current year.

In related news, President Marc G. Elliott sold 13,373 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $16.17, for a total transaction of $216,241.41. Following the completion of the sale, the president now directly owns 442,512 shares of the company’s stock, valued at approximately $7,155,419.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Sherry Houtkin sold 7,959 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $15.63, for a total value of $124,399.17. Following the sale, the insider now directly owns 1,560,852 shares of the company’s stock, valued at $24,396,116.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 186,790 shares of company stock valued at $2,996,426. 31.82% of the stock is currently owned by insiders.

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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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