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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Gentex Corporation ( GNTX) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day down 0.4%. By the end of trading, Gentex Corporation rose $0.35 (1.2%) to $29.74 on average volume. Throughout the day, 1,050,769 shares of Gentex Corporation exchanged hands as compared to its average daily volume of 1,091,000 shares. The stock ranged in a price between $29.17-$29.84 after having opened the day at $29.37 as compared to the previous trading day's close of $29.39. Other companies within the Automotive industry that increased today were: Tesla Motors ( TSLA), up 16.5%, Shiloh Industries ( SHLO), up 5.2%, Icahn ( IEP), up 3.9% and Marine Products Corporation ( MPX), up 2.0%.

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 $4.3 billion and is part of the consumer goods sector. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7. Shares are up 58.1% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Gentex Corporation a buy, 2 analysts rate it a sell, and 6 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 growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, China Automotive Systems ( CAAS), down 4.0%, Fox Factory ( FOXF), down 3.1%, Gentherm ( THRM), down 3.0% and Federal Signal ( FSS), down 2.8% , were all laggards within the automotive industry with Ford Motor ( F) being today's automotive industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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