Revenue Update on Gentex Corporation(NASDAQ:GNTX)

Gentex Corporation(NASDAQ:GNTX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $423.80M. Analysts estimated a revenue of $416.78M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.29.

Gentex Corporation (GNTX) shares turned negative on Thursdays trading session with the shares closing down -0.52 points or -2.86% at a volume of 32,40,047. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18. The peak price level was also seen at $18 while the days lowest was $17.6. Finally the shares closed at $17.67. The 52-week high of the shares is $18.25 while the 52-week low is $12.93. According to the latest information available, the market cap of the company is $5,104 M.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Fred Bauer (Chairman of the Board & CEO) sold 351,700 shares at $16.45 per share price.Also, On Jun 2, 2016, Joseph E Iv Matthews (Vice President Purchasing) sold 2,140 shares at $16.50 per share price.On Dec 29, 2015, Scott P Ryan (General Counsel) sold 2,000 shares at $16.31 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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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