NEW YORK (
) is trading at unusually high volume Tuesday with three million shares changing hands. It is currently at four times its average daily volume and trading up $1.56 (+5.9%) at $28 as of 12:30 p.m. ET.
Gentex has a market cap of $4.4 billion and is part of the
industry. Shares are down 10.6% year to date as of the close of trading on Monday.
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 23.2, below the average automotive industry P/E ratio of 27.4 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, growth in earnings per share, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
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