Analyst Price Target Update on Gentex Corporation (NASDAQ:GNTX)

Gentex Corporation (NASDAQ:GNTX): The mean short term price target for Gentex Corporation (NASDAQ:GNTX) has been established at $16.93 per share. The higher price target estimate is at $21 and the lower price target estimate is expected at $11 according to 7 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $4.07

For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Bauer Fred, (Chairman of the Board & CEO) of Gentex Corp, unloaded 351,700 shares at an average price of $16.45 on June 7, 2016. The total amount of the transaction was worth $5,785,465, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Gentex Corporation (NASDAQ:GNTX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.24 points or 1.5% at $15.74 with 1,309,191 shares getting traded. Post opening the session at $15.92, the shares hit an intraday low of $15.73 and an intraday high of $15.97 and the price was in this range throughout the day. The company has a market cap of $4,546 million and the number of outstanding shares have been calculated to be 288,832,800 shares. The 52-week high of Gentex Corporation (NASDAQ:GNTX) is $17.4 and the 52-week low 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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