Insider Selling: Gencor Industries Inc. (GENC) CFO Sells 19,000 Shares of Stock

Gencor Industries Inc. (NASDAQ:GENC) CFO Eric E. Mellen sold 19,000 shares of Gencor Industries stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $16.16, for a total value of $307,040.00. Following the completion of the transaction, the chief financial officer now owns 39,500 shares of the company’s stock, valued at approximately $638,320. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Gencor Industries Inc. (NASDAQ:GENC) traded down 0.31% during mid-day trading on Tuesday, reaching $16.25. The company’s stock had a trading volume of 2,202 shares. Gencor Industries Inc. has a 12 month low of $9.53 and a 12 month high of $17.20. The firm has a market capitalization of $233.90 million, a P/E ratio of 27.54 and a beta of 0.62. The company has a 50 day moving average of $16.07 and a 200-day moving average of $15.45.

Gencor Industries (NASDAQ:GENC) last released its earnings results on Friday, May 5th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $22.53 million during the quarter. Gencor Industries had a return on equity of 7.11% and a net margin of 11.82%. Equities research analysts forecast that Gencor Industries Inc. will post $0.34 EPS for the current year.

Insider Buying and Selling by Quarter for Gencor Industries (NASDAQ:GENC)

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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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