Gentex Corporation (GNTX) has risen sharply, recording gains of 0.9% in the past 4 weeks. However, the stock has corrected -0.11% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.04% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.6% and the 50-Day Moving Average is 5.39%.The 200 Day SMA reached 13.8%. Gentex Corp. is up 9.41% in the last 3-month period. Year-to-Date the stock performance stands at 13.45%.
Gentex Corporation (NASDAQ:GNTX): After opening at $17.76, the stock dipped to an intraday low of $17.67 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.86 and the buying power remained strong till the end. The stock closed at $17.86 for the day, a gain of 0.73% for the day session. The total traded volume was 1,552,942. The stocks close on the previous trading day was $17.73.
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.