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

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 lower today making it today's featured Automotive laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Gentex Corporation fell $0.48 (-1.5%) to $31.54 on average volume. Throughout the day, 780,599 shares of Gentex Corporation exchanged hands as compared to its average daily volume of 996,200 shares. The stock ranged in price between $31.44-$32.06 after having opened the day at $31.92 as compared to the previous trading day's close of $32.02. Other companies within the Automotive industry that declined today were: Supreme Industries ( STS), down 5.2%, Fuel Systems Solutions ( FSYS), down 2.9%, Accuride ( ACW), down 2.2% and Federal-Mogul ( FDML), down 1.6%.

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 $4.6 billion and is part of the consumer goods sector. Shares are down 2.9% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Gentex Corporation a buy, 2 analysts rate it a sell, and 5 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, TRW Automotive Holdings ( TRW), up 4.5%, Tata Motors ( TTM), up 4.0%, Allison Transmission Holdings ( ALSN), up 3.1% and SORL Auto Parts ( SORL), up 2.9% , were all gainers within the automotive industry with General Motors ( GM) being today's featured automotive industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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