77.4 F
New York
Thursday, July 29, 2021

Gencor Inc. [NASDAQ: GENC] Plans To Buy Blaw-Knox Business From Volvo CE

Must read

Digital Realty [NYSE: DLR] Considering Developing 64 MW Facility in South Korea

Digital Realty Trust, Inc. has shown its intention to build the 64-megawatt facility in Seoul, South Korea. The firm has decided that the...

Why Shares of IZEA Worldwide [NASDAQ: IZEA] Skyrocketing Today?

Shares of IZEA Worldwide, Inc. surged 8.10% at the time of writing on Wednesday. The strong performance of the firm has highlighted the...

BIT Mining [NYSE: BTCM] Ink Purchase Agreement to Buy Bitcoin Mining Machine

BIT Mining Limited has inked a purchase agreement to increase the fleet of bitcoin mining machines. As per the new purchase agreement, the...

Dyadic International [NASDAQ: DYAI] Inks Licensing Agreement with the Rubic Consortium

Dyadic International, Inc. disclosed that it has inked a COVID-19 vaccine technology transfer and licensing agreement with the Rubic Consortium. It has been...

Gencor Industries, Inc. [NASDAQ: GENC], a construction machinery manufacturing company disclosed Friday it has entered into an agreement with Volvo CE to purchase Blaw-Knox paver business.

The deal is expected to close in the first quarter of fiscal 2021 of Gencor. After the deal, Gencor will own business, name, and all the assets of Blaw-Knox including the production line currently located at Shippensburg Pennsylvania.

Shares of Gencor soared 0.75% and up +0.09 during the trading of Friday. It has a day low range of $12.11 and a day high range of $12.62. If we look at its volume, its trading volume is 11.51K as compared to the average volume of 26.69K.

If we turn our focus on profitability, it has reported return on assets (ROA) of 2.50%, return on equity (ROE) is 2.70%, and return on investment (ROI) of 4.40%. Gencor Industries, Inc has reported the sales of 77.40 million.

Its Gross Margin is 24.90%, Profit Margin is 5.50% and an Operating Margin is 7.80%. Turning our focus on liquidity, its quick ratio is 11.40. The current ratio is 13.70. Gencor Industries, Inc has a total market capitalization of 178.70 million.

In the past 52-weeks of trading, this company’s stocks have fluctuated between the low of $9.38 and a high of $13.50. It has moved up 29.42% from its 52-weeks low and moved down -10.07% from its 52-weeks high.

The agreement gave rights to Gencor to develop the current North American Paver Product line of Volvo CE under the Blaw Knox-brand. The financial consideration hasn’t disclosed yet.

More articles

Latest article

Binance, FTX Cut Leverage Limits on Crypto Futures Trading to 20x

Two major cryptocurrency trading platforms Binance Futures and FTX disclosed on Monday that they both have made a remarkable decision related to the crypto...

TD Holdings [NASDAQ: GLG] Inks Letter of Intent with Guangdong Jinbochuang

TD Holdings, Inc. has inked a letter of intent (LOI) with Guangdong Jinbochuang Special Purpose Vehicle Co., Ltd. and (Jinbochuang) and Hunan Jinmeike...

ASGN [NYSE: ASGN] Acquire IndraSoft Inc

ASGN Incorporated disclosed that it has acquired IndraSoft Inc. IndraSoft Inc has gained recognition as a prominent cybersecurity and digital transformation solutions offeror...

Link Reservations Decides to Accept Bitcoin/Crypto Payments

Link Reservations Inc disclosed Friday that it has decided to start accepting Bitcoin and cryptocurrency payments. This is the major breakthrough for the firm...

Athene [NYSE: ATH] Announces Acquisition of Foundation Home Loans

Athene Holding Ltd. disclosed on Thursday that it has inked a definitive agreement to purchase Foundation Home Loans (FHL). FHL had a £3...

Ping [NYSE: PING] and Anexinet Announces Partnership

Ping Identity Holding Corp. and Anexinet Corporation have both entered into a partnership agreement. The collaboration will integrate Ping Identity’s centralized Identity Access...

Digital Realty [NYSE: DLR] and Brookfield Announces Joint Venture

Digital Realty Trust, Inc.   and Brookfield Infrastructure Partners L.P. and its institutional partners disclosed on Wednesday that they have launched a 50/50 joint...

Red Cat [NASDAQ: RCAT] Announces Acquisition of Teal Drones

Red Cat Holdings, Inc. has inked an agreement on Tuesday to buy Teal Drones in an all-stock transaction. This acquisition will add Teal...