On a relative basis, the stock has outperformed the S&P 500 by 12% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.17% in the last 1 week, and is up 14.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Gentex Corporation (NASDAQ:GNTX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.42 and $17.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.70, notching a gain of 2.02% for the day. The total traded volume was 1,395,769 . The stock had closed at $17.35 on the previous day.
The stock has recorded a 20-day Moving Average of 5.44% and the 50-Day Moving Average is 9.3%. Gentex Corp. is up 10.72% in the last 3-month period. Year-to-Date the stock performance stands at 12.44%.
Gentex Corporation (GNTX) : Average target price received by Gentex Corporation (GNTX) is $17.14 with an expected standard deviation of $4.26. The most aggressive target on the stock is $21, whereas the most downbeat target is $11. 7 financial analysts are currently covering the stock.
Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Companys business involves designing, developing, manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. It also designs, develops and manufactures various electronics features that are additive to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles. The Company ships its product to all of the automotive producing regions across the world.