Gentex Corporation (GNTX): Today's Featured Automotive Winner

Gentex Corporation ( GNTX) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day up 0.1%. By the end of trading, Gentex Corporation rose 47 cents (2.1%) to $23.19 on average volume. Throughout the day, two million shares of Gentex Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in a price between $22.42-$23.30 after having opened the day at $22.62 as compared to the previous trading day's close of $22.72. Other companies within the Automotive industry that increased today were: Chicago Rivet & Machine ( CVR), up 9.8%, Federal Signal ( FSS), up 4.8%, Commercial Vehicle Group ( CVGI), up 4%, and Shiloh Industries ( SHLO), up 3.7%.

Gentex Corporation designs, develops, manufactures, and markets electro-optical products for the automotive, commercial building, and aircraft industries primarily in the United States, Germany, and Japan. Gentex Corporation has a market cap of $3.28 billion and is part of the consumer goods sector. The company has a P/E ratio of 19.4, equal to the average automotive industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 23.2% year to date as of the close of trading on Friday. Currently there are two analysts that rate Gentex Corporation a buy, one analyst rates it a sell, and five rate it a hold.

TheStreet Ratings rates Gentex Corporation as a buy. 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 and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Enova Systems ( ENA), down 14.4%, Quantum Fuel Systems Technologies Worldwide ( QTWW), down 5%, Tenneco ( TEN), down 4.4%, and Standard Motor Products ( SMP), down 4%, were all losers within the automotive industry with Wabco Holdings Incorporated ( WBC) being today's automotive industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods ( SZK).
null

If you liked this article you might like

Finding Bullish and Bearish Stock Reversals

20 Mid-Cap Dividend Growers Are Blips on My Tracking Radar

These Stocks Show a Change of Direction

Put Gentex, Whole Foods, Reynolds in Your Shopping Cart

Gentex, Whole Foods and Reynolds Shares Could be Heading Higher