60 F
New York
Friday, May 7, 2021

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

Must read

Coinbase Pro Announces it will be Listing Internet Computer’s ICP

Coinbase Pro cryptocurrency exchange has disclosed that it has decided to list ICP once it goes live. ICP is the governance token of the...

WISeKey [NASDAQ: WKEY] Gets Investment to finance its TrustNFT.IO NFT Platform

WISeKey International Holding AG disclosed Friday that it has inked a term-sheet to enter into an unsecured short-term loan and the issuance and...

Moderna [NASDAQ: MRNA] Inks Supply Agreement with Switzerland

Moderna, Inc. disclosed that it has inked a supply agreement on Thursday with the Swiss Federal Government. As per the agreement, Moderna Inc...

TeraBlock Will Have its Own BSCPad IDO Soon

TeraBlock which is a project making a platform for automated cryptocurrency portfolio management disclosed that it is preparing for an initial DEX offering (IDO)...

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

Why Chiasma [NASDAQ: CHMA] Stock is Skyrocketed?

Shares of Chiasma, Inc. surged 46.48% during the trading session of Wednesday. Chiasma has disclosed the financial results for the Q1 completed March...

NeoGenomics [NASDAQ: NEO] Announces Acquisition of Inivata Ltd

NeoGenomics, Inc. revealed Wednesday that it has decided to purchase Inivata Ltd. Inivata will grow into a liquid biopsy-centered division together with increasing...

R1 RCM [NASDAQ: RCM] Announces Acquisition of VisitPay

R1 RCM Inc. disclosed Tuesday that it has decided to purchase VisitPay. The firm has inked an agreement to buy VisitPay for nearly...

Binance Coin Makes History as its Market Cap Reach $100 Billion

The market capitalization of Binance set new records as the exchange token of Binance and the native asset of Binance Smart Chain (BSC) touched...

Precipio [NASDAQ: PRPO] Roll Out Rapid COVID-19 Antibody test on Amazon Platform

Shares of Precipio, Inc. skyrocketed 40.35% during the trading session of Monday. The strong performance of the firm has highlighted the positive sentiments...

TechX Ink Deal to Buy Fiat-to-Crypto Merchant Services Gateway XPort Digital

TechX Technologies Inc disclosed Monday that it has bought fiat-to-crypto merchant services gateway XPort digital. The firm has bought a 100% stake in XPort...

Lockheed [NYSE: LMT] Present F-35 Best and Final Offer to Finnish Government

Lockheed Martin Corporation disclosed that it has presented F-35 best and final offer (BAFO) on April 29, 2021, to the Finnish government. It...

Clene [NASDAQ: CLNN] Gets Two Patent Notice of Allowances

Clene Inc. disclosed that Clene Nanomedicine, Inc. U.S. Patent and Trademark Office has provided Notices of Allowance for two significant patent applications. Clene...