Gentex Short Interest Up 35.1% in June (GNTX)
Gentex (NASDAQ:GNTX) was the recipient of a large growth in short interest during the month of June. As of June 13th, there was short interest totalling 2,612,202 shares, a growth of 35.1% from the May 30th total of 1,934,216 shares, AnalystRatings.Net reports. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily volume of 823,476 shares, the short-interest ratio is currently 3.2 days.
In other Gentex news, VP Paul V. Flynn unloaded 1,163 shares of the stock on the open market in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $29.10, for a total value of $33,843.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
GNTX has been the subject of a number of recent research reports. Analysts at FBR Capital Markets initiated coverage on shares of Gentex in a research note on Friday, May 2nd. They set an “outperform” rating and a $39.00 price target on the stock. Separately, analysts at Pacific Crest initiated coverage on shares of Gentex in a research note on Tuesday, April 29th. They set a “sector perform” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Gentex from $42.00 to $45.00 in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $35.71.
Shares of Gentex (NASDAQ:GNTX) opened at 29.77 on Thursday. Gentex has a 1-year low of $21.29 and a 1-year high of $34.41. The stock’s 50-day moving average is $29.05 and its 200-day moving average is $30.. The company has a market cap of $4.344 billion and a price-to-earnings ratio of 17.40.
Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.02. The company had revenue of $335.70 million for the quarter, compared to the consensus estimate of $324.20 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 24.6% on a year-over-year basis. On average, analysts predict that Gentex will post $1.86 earnings per share 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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