Gencor Industries (NASDAQ:GENC) Shares Down 2.4% – Should You Sell?

Gencor Industries, Inc. (NASDAQ:GENC) was down 2.4% during trading on Monday . The company traded as low as $12.25 and last traded at $12.41. Approximately 44,068 shares were traded during trading, an increase of 47% from the average daily volume of 30,034 shares. The stock had previously closed at $12.72.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Gencor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th.

Gencor Industries Stock Performance

The company has a market cap of $195.10 million, a price-to-earnings ratio of 12.10 and a beta of 0.45. The company’s 50 day moving average price is $14.58 and its 200-day moving average price is $18.36.

Institutional Trading of Gencor Industries

A number of hedge funds have recently bought and sold shares of the company. Deutsche Bank AG acquired a new stake in shares of Gencor Industries during the fourth quarter valued at approximately $34,000. Bank of America Corp DE grew its holdings 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 in the last quarter. SageView Advisory Group LLC acquired a new position in Gencor Industries during the third quarter valued at $392,000. Barclays PLC boosted its position in Gencor Industries by 7.4% during the 4th quarter. Barclays PLC now owns 23,585 shares of the company’s stock worth $416,000 after acquiring an additional 1,628 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Gencor Industries by 122.2% during the 4th quarter. JPMorgan Chase & Co. now owns 43,804 shares of the company’s stock valued at $773,000 after acquiring an additional 24,093 shares in the last quarter.

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.