Price Action to Note: What’s Next for Gencor Industries, Inc. (DE) After Reaching 52-Week High?

Price Action to Note: What's Next for Gencor Industries, Inc. (DE) After Reaching 52 Week High?

The stock of Gencor Industries, Inc. (DE) (NASDAQ:GENC) hit a new 52-week high and has $33.39 target or 125.00% above today’s $14.84 share price. The 6 months bullish chart indicates low risk for the $214.22M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $33.39 price target is reached, the company will be worth $267.78M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 55,402 shares traded hands or 64.64% up from the average. Gencor Industries, Inc. (DE) (NASDAQ:GENC) has risen 53.65% since April 15, 2016 and is uptrending. It has outperformed by 49.03% the S&P500.

Analysts await Gencor Industries, Inc. (DE) (NASDAQ:GENC) to report earnings on December, 13.

According to Zacks Investment Research, “Gencor Industries, Inc. designs, manufacturers and markets process machinery equipment. Products include machinery used in the production of highway construction materials such as hotmix asphalt, and machinery used to produce food products such as pelletized animal feeds, edible oils, sugar and citrus juices. The Company operates in two business groups-Construction Equipment Group and Consolidated Process Machinery Group.”

More news for Gencor Industries, Inc. (DE) (NASDAQ:GENC) were recently published by: Marketwatch.com, which released: “Virtual Stock Exchange” on May 08, 2011. Quotes.Wsj.com‘s article titled: “News Gencor Industries Inc.GENC” and published on February 01, 2001 is yet another important article.

GENC Company Profile

Gencor Industries, Inc., incorporated on September 26, 1969, is a maker of heavy machinery used in the production of highway construction materials, synthetic fuels, and environmental control equipment. The Firm designs, makes, and sells machinery and related equipment used for the production of asphalt and highway construction materials. The Company’s products include asphalt plants, combustion systems and fluid heat transfer systems. The Company’s products are manufactured in approximately two facilities in the United States.

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