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Gentex Shares Climbing Higher, Up 1.6%

Published on Mon, 03/11/2013 - 12:24
By Peter Chu

One of today's stocks on the move is Gentex (NASDAQ:GNTX), up 1.6% to $19.90. The Dow Jones Industrial Average is now trading 0.2% higher to 14,423 and the S&P is trading fractionally higher to 1,553.

Gentex Corporation designs, manufactures, and markets products that use electro-optic technology. The Company's product lines include automatic-dimming rearview mirrors and fire protection products. Gentex's Night Vision Safety Mirror automatically darkens to the degree required to eliminate rearview headlight glare. The Company sells its products around the world.

There is potential upside of 1.0% for shares of Gentex based on a current price of $19.90 and an average consensus analyst price target of $20.09. The stock should find initial support at its 50-day moving average (MA) of $19.09 and further support at its 200-day MA of $18.73.

In the past 52 weeks, shares of Gentex have traded between a low of $14.38 and a high of $35.35 and are now at $19.90, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.45% lower and 0.15% higher over the past week, respectively.

By Peter Chu