Shares of Gentex Corp. (GNTX) jumped the most in the Russell 1K Index during the Wednesday morning trading session. The supplier of vehicle mirrors earned a bullish brokerage note today, as Soleil Securities Corp. had its PPS estimate increased to $40 from $28.
GNTX has added more than 10.5% in Nasdaq electronic trading, with the shares returning year-to-date nearly 54% as of today’s new 52-wkh of $30.28. Shares are seeing huge volume; mid-way through the session ticker has already traded 3.4 million shares, which is 3x the 3-month – daily average volume of 1.3 million shares.
The stock is currently above its 50-day moving average of $21.43 and above its 200-day moving average of $19.88. The 52 week trading range for the Zeeland, Michigan – based co., which has a current annual dividend yield of 1.64%, has been between $16.54 – $28.23 per share.
GNTX currently trades at a trailing 12 P/E of 31.37, a forward multiple of 27.217, an EPS of 0.94 and a P/E to Growth ratio of 1.42.
GNTX has a market cap of $4.1 billion. The security gained $2.60, or 10.2 percent, to $29.50 at 12:36 p.m. EST in Nasdaq composite trading.