Auto parts maker Gentex (GNTX -26%) crashes after a disappointing Q2 report earlier this...

|About: Gentex Corporation (GNTX)|By:, SA News Editor

Auto parts maker Gentex (GNTX -26%) crashes after a disappointing Q2 report earlier this morning. Total revenue rose 15% Y/Y, but margins were compressed by sales price reductions and a poor product mix. The stock has been hammered all year, down over 50% since January due to a combination of lawsuits, weak European car sales, and the failure of of rear view camera legislation - of which GNTX is the largest supplier -  which would have required it to be installed in all vehicles.