Gentex Corp. Sets New 1-Year High at $26.28 (GNTX)
Gentex Corp. (NASDAQ:GNTX) set a new 52-week high during mid-day trading on Monday, Stock Ratings Network reports. The stock traded as high as $26.28 and last traded at $26.05, with a volume of 339,863 shares. The stock had previously closed at $26.13.
GNTX has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of Gentex Corp. from a “hold” rating to a “sell” rating in a research note to investors on Monday. Finally, analysts at Zacks upgraded shares of Gentex Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, July 26th. They now have a $25.80 price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $23.97.
Gentex Corp. has a 52 week low of $15.25 and a 52 week high of $26.25. The stock’s 50-day moving average is $24.78 and its 200-day moving average is $23.22. The company has a market cap of $3.767 billion and a price-to-earnings ratio of 20.90.
Gentex Corp. (NASDAQ:GNTX) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.04. The company had revenue of $287.00 million for the quarter, compared to the consensus estimate of $274.52 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that Gentex Corp. will post $1.34 EPS for the current fiscal year.
Gentex Corporation is a supplier of automatic-dimming (NASDAQ:GNTX) rear-view mirrors and camera-based lighting-assist features to the global automotive industry.
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