NEW YORK (TheStreet) -- Shares of Gentex (GNTX) - Get Gentex Corporation Report are rising 4.53% to $17.09 on Friday morning after the company posted higher-than-expected results for the 2016 second quarter.
Before today's opening bell, the Zeeland, MI-based company reported earnings of 30 cents per diluted share, topping analysts' projections by a penny.
Revenue rose 12% to $423.8 million from last year and was above Wall Street's forecasts of $417 million.
For 2016, Gentex sees revenue between $1.68 billion and $1.72 billion. Analysts are modeling revenue of $1.69 billion for the full year.
The company manufactures automotive automatic-dimming rearview mirrors, automotive electronics, dimmable aircraft windows and fire protection products.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, growth in earnings per share and increase in net income.
The team believes its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: GNTX