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Tuesday, May 17, 2022

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

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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.

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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.

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