Gentherm (NASDAQ:THRM) Hits New 12-Month Low – What’s Next?

Gentherm Incorporated (NASDAQ:THRM)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $26.11 and last traded at $26.47, with a volume of 8082 shares changing hands. The stock had previously closed at $26.66.

Analyst Ratings Changes

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

Gentherm Stock Performance

The stock has a market capitalization of $811.14 million, a price-to-earnings ratio of 12.72 and a beta of 1.45. 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 company’s fifty day simple moving average is $33.80 and its 200 day simple moving average is $39.29.

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 the consensus estimate of $0.68 by ($0.39). The company had revenue of $352.91 million for the quarter, compared to analyst estimates of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business earned $0.90 earnings per share. On average, equities research analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Gentherm by 234.8% in the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock valued at $2,861,000 after purchasing an additional 43,108 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Gentherm by 46.0% in the third quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock valued at $3,158,000 after buying an additional 21,376 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Gentherm by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock worth $21,452,000 after buying an additional 5,754 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its stake in shares of Gentherm by 23.8% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after acquiring an additional 150,310 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Gentherm by 185.5% during the 4th quarter. Amundi now owns 15,143 shares of the auto parts company’s stock valued at $595,000 after acquiring an additional 9,839 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

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.