Gentex ( (GNTX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Gentex Corporation’s stock experienced a downturn due to its Q3 earnings per share (EPS) of 46 cents, which fell slightly below the consensus estimate of 47 cents. Additionally, the company’s revenue of $655.2 million did not meet the expected $669.42 million. Despite these misses, several analysts, including those from JPMorgan, UBS, and Goldman Sachs, have increased their price targets for Gentex, indicating confidence in the company’s potential for future growth.
More about Gentex
YTD Price Performance: -6.53%
Average Trading Volume: 2,356,545
Technical Sentiment Signal: Buy
Current Market Cap: $5.75B
For further insights into GNTX stock on TipRanks’ Stock Analysis page.
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