Shares of the company are trading at $18.10 barely above the 50 day moving average of $17.22 and a great deal higher than the 200 day moving average of $16.32. The 50 day moving average went up $0.88 or +5.08% whereas the 200 day moving average was up $1.78 or +10.93%. Trading volume for Gencor Industries Inc. was 730 by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 97.34% under the normal average daily volume.
Investors are a little more bullish on shares of the company of late as shown by the decrease in short interest. The firm experienced a fall in short interest of -8.67% between September 15, 2017 and September 29, 2017. Short shares fell from 100,622 to 91,896 over that period. With short interest at 91,896 and short average daily volume at 52,906, days to cover is 2.0 and the percentage of shorted shares is 0.01% as of September 29.
Gencor Industries Inc. (NASDAQ:GENC) has been the object of insider selling activity recently. Marc G. Elliott, president sold $413,000 worth of shares at an average price of $16.52 on September 18th. That brings Elliott’s holdings to $6,693,491 per an SEC filing yesterday. Director Cort J. Dondero let go of 7,500 shares at a price of $16.01 on Fri the 15th. The Director now owns $0 of the stock as reported to the SEC.
David Air, Director disclosed the sale of 1,500 shares. The shares were purchased at an average price of $16.00. Air now owns $64,000 of the stock according to the SEC filing.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Allianz Asset Management Gmbh had sold 2,292 shares trimming its stake by 3.4%. The value of the investment in GENC went from $1,001,000 to $1,048,000 increasing 4.7% quarter to quarter. As of quarter end Teton Advisors, Inc. had acquired a total of 4,854 shares growing its position 0.9%. The value in dollars increased from $8,290,000 to $9,062,000 a change of 9.3% quarter over quarter.
Ubs Group Ag grew its investment by buying 173 shares an increase of 100.6% as of 06/30/2017. Ubs Group Ag controls 345 shares valued at $6,000. The value of the position overall is up by 100.0%. Eqis Capital Management, Inc. added to its stake by buying 1,659 shares an increase of 13.9%. Eqis Capital Management, Inc. owns 13,591 shares with a value of $240,000. The total value of its holdings increased 24.4%.
Gencor Industries Inc.’s P/E ratio is 29.67 and the market cap is 260.66M.
Gencor Industries, Inc., launched on September 26, 1969, is a manufacturer of heavy machinery used in the production of highway construction materials, synthetic fuels and environmental control equipment. The Company designs, manufactures and sells machinery and related equipment used primarily for the production of asphalt and highway construction materials. The Business’s principal products include asphalt plants, combustion systems and fluid heat transfer systems. As of September 30, 2016, the Business’s products were manufactured in two facilities in the United States. The Business’s products are sold through a combination of the Business’s sales representatives and independent dealers, and agents located throughout the world. The Company is also engaged in product engineering and development efforts..