Gencor Industries (NASDAQ:GENC) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Gencor Industries (NASDAQ:GENC) from a hold rating to a buy rating in a research report report published on Thursday.

Gencor Industries Price Performance

GENC opened at $21.39 on Thursday. The firm has a 50-day simple moving average of $20.46 and a two-hundred day simple moving average of $19.98. Gencor Industries has a 52 week low of $14.15 and a 52 week high of $24.88.

Institutional Trading of Gencor Industries

A number of large investors have recently added to or reduced their stakes in GENC. BNP Paribas Financial Markets boosted its position in shares of Gencor Industries by 52.7% during the 1st quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock valued at $85,000 after acquiring an additional 1,765 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Gencor Industries in the 2nd quarter worth $163,000. Aristides Capital LLC bought a new stake in shares of Gencor Industries in the 1st quarter worth about $188,000. Rhumbline Advisers raised its position in shares of Gencor Industries by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 11,767 shares of the company’s stock valued at $228,000 after buying an additional 465 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Gencor Industries in the 2nd quarter valued at about $377,000.

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.