Gentherm (NASDAQ:THRM) Reaches New 52-Week Low - Should You Sell?

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

Analyst Upgrades and Downgrades

THRM has been the topic of several recent research reports. StockNews.com downgraded Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price target on shares of 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 dropped their price objective 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.

Gentherm Stock Down 5.8 %

The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. The business's fifty day moving average price is $34.35 and its two-hundred day moving average price is $39.62. The firm has a market cap of $843.93 million, a P/E ratio of 13.24 and a beta of 1.45.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.39). The business 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 firm's quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. As a group, equities research analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.

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Hedge Funds Weigh In On Gentherm

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Gentherm by 952.9% in the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company's stock valued at $25,000 after acquiring an additional 486 shares during the last quarter. Signaturefd LLC raised its holdings in Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after purchasing an additional 463 shares during the period. KBC Group NV lifted its holdings in Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after acquiring an additional 822 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock worth $73,000 after acquiring an additional 991 shares in the last quarter. Finally, Palouse Capital Management Inc. increased its stake in Gentherm by 91.6% during the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock worth $143,000 after purchasing an additional 1,714 shares in the last quarter. Institutional investors own 97.13% of the company's stock.

About Gentherm

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.