Gentherm (NASDAQ:THRM) Hits New 1-Year Low – Time to Sell?

Gentherm Incorporated (NASDAQ:THRM)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $29.70 and last traded at $30.27, with a volume of 77954 shares. The stock had previously closed at $30.37.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Robert W. Baird dropped their target price on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Finally, StockNews.com cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th.

Gentherm Stock Down 1.0 %

The firm has a market capitalization of $926.13 million, a P/E ratio of 14.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The business’s fifty day moving average price is $35.29 and its two-hundred day moving average price is $40.19.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The firm had revenue of $352.91 million during the quarter, compared to the consensus estimate of $360.29 million. During the same quarter in the prior year, the business posted $0.90 earnings per share. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. Equities analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Institutional Trading of Gentherm

Institutional investors have recently modified their holdings of the company. Natixis Advisors LLC boosted its stake in Gentherm by 12.2% in the 3rd quarter. Natixis Advisors LLC now owns 15,938 shares of the auto parts company’s stock worth $742,000 after purchasing an additional 1,729 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Gentherm by 43.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 11,297 shares of the auto parts company’s stock worth $526,000 after purchasing an additional 3,427 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Gentherm in the 3rd quarter worth approximately $1,533,000. Charles Schwab Investment Management Inc. boosted its stake in Gentherm by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock worth $21,452,000 after purchasing an additional 5,754 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in Gentherm by 2.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 235,563 shares of the auto parts company’s stock worth $10,259,000 after purchasing an additional 5,925 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.