Gentherm (NASDAQ:THRM) Hits New 52-Week Low – What’s Next?

Gentherm Incorporated (NASDAQ:THRM)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $29.60 and last traded at $29.87, with a volume of 45033 shares traded. The stock had previously closed at $31.12.

Wall Street Analysts Forecast Growth

THRM has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th. StockNews.com downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, Robert W. Baird reduced their price objective on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th.

Gentherm Trading Down 4.9 %

The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $34.81 and its two-hundred day moving average is $39.85. The stock has a market cap of $911.48 million, a price-to-earnings ratio of 14.37 and a beta of 1.45.

Gentherm (NASDAQ:THRM) last announced 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 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 analyst estimates of $360.29 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.

Hedge Funds Weigh In On Gentherm

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers increased its holdings in shares of Gentherm by 0.3% in the 4th quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company’s stock worth $3,623,000 after acquiring an additional 277 shares during the period. Comerica Bank grew its position in Gentherm by 1.4% in the 4th quarter. Comerica Bank now owns 21,012 shares of the auto parts company’s stock worth $839,000 after purchasing an additional 300 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Gentherm by 3.9% in the third quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company’s stock valued at $386,000 after purchasing an additional 314 shares during the period. Signaturefd LLC raised its holdings in shares of Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after buying an additional 463 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after buying an additional 486 shares during the period. Institutional investors and hedge funds 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.