NEW YORK (
) is trading at unusually high volume Wednesday with 4.2 million shares changing hands. It is currently at 5.8 times its average daily volume and trading up $1.94 (+7%) at $29.48 as of 4 p.m. ET.
Gentex has a market cap of $3.75 billion and is part of the
industry. Shares are down 6.8% year to date as of the close of trading on Tuesday.
Gentex Corporation designs, develops, manufactures, and markets electro-optical products to automotive, commercial building, and aircraft industries in the United States and internationally. The company has a P/E ratio of 24.6, above the average automotive industry P/E ratio of 23.3 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Gentex as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
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