Gencor Industries (NASDAQ:GENC) Stock Passes Above 200-Day Moving Average of $10.04

Gencor Industries, Inc. (NASDAQ:GENCGet Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.04 and traded as high as $10.14. Gencor Industries shares last traded at $10.14, with a volume of 4,071 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Gencor Industries in a research report on Saturday. They issued a “hold” rating on the stock.

Gencor Industries Stock Down 0.6 %

The company has a 50-day simple moving average of $9.80 and a 200 day simple moving average of $10.03.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its position in Gencor Industries by 12.8% in the 2nd quarter. State Street Corp now owns 19,883 shares of the industrial products company’s stock worth $202,000 after buying an additional 2,256 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Gencor Industries by 8.7% during the second quarter. Gamco Investors INC. ET AL now owns 72,700 shares of the industrial products company’s stock valued at $739,000 after purchasing an additional 5,800 shares during the period. Weil Company Inc. increased its position in shares of Gencor Industries by 30.5% during the second quarter. Weil Company Inc. now owns 21,380 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 5,000 shares during the period. Royce & Associates LP increased its position in shares of Gencor Industries by 1.3% during the second quarter. Royce & Associates LP now owns 1,366,000 shares of the industrial products company’s stock valued at $13,879,000 after purchasing an additional 18,000 shares during the period. Finally, Brinker Capital Investments LLC increased its position in shares of Gencor Industries by 6.4% during the second quarter. Brinker Capital Investments LLC now owns 77,792 shares of the industrial products company’s stock valued at $790,000 after purchasing an additional 4,695 shares during the period. 40.84% of the stock is owned by institutional investors.

About Gencor Industries

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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. The company 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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