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

Gentex Corporation ( GNTX) pushed the Automotive industry lower today making it today's featured Automotive loser. The industry as a whole closed the day up 0.9%. By the end of trading, Gentex Corporation fell 13 cents (-0.6%) to $21 on average volume. Throughout the day, 2.4 million shares of Gentex Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in price between $20.52-$21.25 after having opened the day at $21.19 as compared to the previous trading day's close of $21.13. Other company's within the Automotive industry that declined today were: Enova Systems ( ENA), down 10%, ATC Venture Group ( ATC), down 9.9%, Navistar International ( NAV), down 5.5%, and Chicago Rivet & Machine ( CVR), down 2.9%.

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 $3.17 billion and is part of the consumer goods sector. The company has a P/E ratio of 18.8, equal to the average automotive industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 28.4% year to date as of the close of trading on Monday. 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 shows weak operating cash flow.

On the positive front, Marine Products Corporation ( MPX), up 5%, Tata Motors ( TTM), up 4.8%, Commercial Vehicle Group ( CVGI), up 4.5%, and SORL Auto Parts ( SORL), up 4.1%, were all gainers within the automotive industry with PACCAR ( PCAR) being today's featured automotive industry winner.

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).
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