Somewhat Critical Media Coverage Somewhat Unlikely to Affect Gencor Industries (GENC) Stock Price
Headlines about Gencor Industries (NASDAQ:GENC) have been trending somewhat negative on Tuesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Gencor Industries earned a news impact score of -0.01 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 47.6276222511408 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Gencor Industries (GENC) traded up 4.29% during mid-day trading on Tuesday, reaching $18.25. The company’s stock had a trading volume of 5,734 shares. Gencor Industries has a 12 month low of $11.50 and a 12 month high of $18.45. The firm has a market capitalization of $262.82 million, a P/E ratio of 29.92 and a beta of 0.65. The company has a 50 day moving average of $17.48 and a 200-day moving average of $16.40.
In related news, CFO Eric E. Mellen sold 11,750 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $16.55, for a total transaction of $194,462.50. Following the sale, the chief financial officer now directly owns 14,250 shares in the company, valued at approximately $235,837.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Sherry Houtkin sold 15,451 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $16.97, for a total value of $262,203.47. Following the sale, the insider now owns 1,440,051 shares in the company, valued at $24,437,665.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 316,754 shares of company stock worth $5,566,469. 31.82% of the stock is owned by corporate insiders.
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About Gencor Industries
Gencor Industries, Inc 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.
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