Gentherm (NASDAQ:THRM) Sets New 52-Week Low – Here’s What Happened

Gentherm Incorporated (NASDAQ:THRM)’s share price reached a new 52-week low during trading on Friday . The company 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.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Robert W. Baird decreased their price objective on Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 20th.

Gentherm Price Performance

The firm has a market cap of $941.68 million, a P/E ratio of 14.77 and a beta of 1.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The company has a fifty day moving average of $35.46 and a 200-day moving average of $40.39.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $352.91 million for the quarter, compared to analysts’ expectations of $360.29 million. During the same period last year, the company posted $0.90 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Institutional Trading of Gentherm

Several institutional investors and hedge funds have recently modified their holdings of THRM. Natixis Advisors LLC raised its holdings in shares of Gentherm by 12.2% in the 3rd quarter. Natixis Advisors LLC now owns 15,938 shares of the auto parts company’s stock valued at $742,000 after acquiring an additional 1,729 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Gentherm by 43.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 11,297 shares of the auto parts company’s stock valued at $526,000 after purchasing an additional 3,427 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Gentherm during the 3rd quarter valued at about $1,533,000. Charles Schwab Investment Management Inc. grew its position in Gentherm by 1.3% during 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 acquiring an additional 5,754 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in Gentherm by 2.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 235,563 shares of the auto parts company’s stock worth $10,259,000 after acquiring an additional 5,925 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

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.