Gencor Industries (GENC, Financial) experienced significant stock movement, plunging 5.80%. The stock is trading at $19.32 per share with a trading volume of 16,906 shares and a turnover rate of 0.12%. The stock has seen a price fluctuation of 6.24%.
Recently released financial reports indicate that Gencor Industries gathered a revenue of $25.55 million, with a net profit of $2.56 million. Earnings per share stand at $0.17 and gross profit amounts to $6.11 million, boasting a price-to-earnings ratio of 17.80.
Currently, no institutional ratings are available for Gencor Industries, leaving it without a distinct "buy," "hold," or "sell" rating. Within the industrial distribution sector, where it operates, the overall decline is at 0.34%.
Among peer companies, significant gains were noted for Xos Inc. C/Wts, Greenpower Motor Company Inc., and Cea Industries Inc. C/Wts, while companies like Greenpower Motor Company Inc., Nikola, and Blue Bird Corporation showed higher levels of market activity with turnover rates of 8.25%, 5.96%, and 1.66% respectively. Notably, Xos Inc. C/Wts and Greenpower Motor Company Inc. stood out with price volatility of 47.43% and 36.43%, alongside Nikola at 7.82%.
Gencor Industries Inc. specializes in manufacturing heavy machinery for highway construction materials and environmental control equipment, offering products such as asphalt equipment, combustion systems, and thermal fluid systems.
