StockNews.com Initiates Coverage on Gencor Industries (NASDAQ:GENC)

StockNews.com initiated coverage on shares of Gencor Industries (NASDAQ:GENC) in a research report report published on Friday morning. The brokerage issued a hold rating on the stock.

Gencor Industries Price Performance

Gencor Industries stock opened at $13.98 on Friday. The firm has a market cap of $204.92 million, a price-to-earnings ratio of 12.71 and a beta of 0.49. Gencor Industries has a fifty-two week low of $10.80 and a fifty-two week high of $24.88. The firm has a fifty day moving average price of $12.38 and a two-hundred day moving average price of $15.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Deutsche Bank AG acquired a new position in shares of Gencor Industries during the fourth quarter valued at about $34,000. GAMMA Investing LLC raised its position in shares of Gencor Industries by 1,247.2% during the first quarter. GAMMA Investing LLC now owns 3,624 shares of the company’s stock valued at $44,000 after buying an additional 3,355 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Gencor Industries during the first quarter valued at about $189,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Gencor Industries during the first quarter valued at about $207,000. Finally, Bank of America Corp DE raised its position in shares of Gencor Industries by 32.5% during the fourth quarter. Bank of America Corp DE now owns 11,981 shares of the company’s stock valued at $211,000 after buying an additional 2,938 shares during the last quarter.

About Gencor Industries

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.