StockNews.com upgraded shares of Gencor Industries (NASDAQ:GENC – Free Report) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.
Gencor Industries Trading Up 7.3 %
NASDAQ GENC opened at $20.31 on Tuesday. The firm’s 50 day simple moving average is $20.01 and its 200 day simple moving average is $18.40. The firm has a market capitalization of $297.74 million, a price-to-earnings ratio of 17.66 and a beta of 0.43. Gencor Industries has a 1 year low of $13.50 and a 1 year high of $24.88.
Gencor Industries (NASDAQ:GENC – Get Free Report) last released its earnings results on Friday, August 9th. The company reported $0.17 earnings per share for the quarter. Gencor Industries had a return on equity of 9.14% and a net margin of 14.61%. The firm had revenue of $25.55 million during the quarter.
Institutional Investors Weigh In On Gencor Industries
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.
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