Large Outflow of Money Witnessed in Gentex Corporation

Gentex Corporation (NASDAQ:GNTX) traded on a positive note gaining 0.03 points or 0.19% to be valued at $15.89 per share. Intraday, the shares aggregated $1.24 million in upticks but saw an exodus of $7.46 million in downticks. The net money flow was calculated to be $(-6.22) million with the final up/down ratio coming in at 0.17. The share price has seen a change of -0.56% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $6.16 million in downticks. The net money flow for the block exchange was disappointing at $(-6.16) Million.

Gentex Corp. has lost 0.81% in the last five trading days and dropped 1% in the last 4 weeks. Gentex Corp. is up 0.88% in the last 3-month period. Year-to-Date the stock performance stands at 0.1%.

Currently the company Insiders own 2.9% of Gentex Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.34% . Institutional Investors own 88.71% of Gentex Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -9.36%. . On the companys insider trading activities,The (Chairman of the Board & CEO) of Gentex Corp, Bauer Fred sold 351,700 shares at $16.45 on June 7, 2016. The Insider selling transaction had a total value worth of $5,785,465. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Gentex Corporation (NASDAQ:GNTX) witnessed a decline in the market cap on Friday as its shares dropped 0.06% or 0.01 points. After the session commenced at $15.82, the stock reached the higher end at $16.01 while it hit a low of $15.77. With the volume soaring to 2,324,768 shares, the last trade was called at $15.85. The company has a 52-week high of $17.4. The company has a market cap of $4,578 million and there are 288,832,800 shares in outstanding. The 52-week low of the share price is $12.93.

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.

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