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

Gentherm Incorporated (NASDAQ:THRM - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $30.18 and last traded at $30.19, with a volume of 29293 shares trading hands. The stock had previously closed at $31.00.

Analyst Ratings Changes

Several equities analysts recently commented on the company. StockNews.com cut Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut 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. Finally, Robert W. Baird lowered their target price on shares of Gentherm from $44.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th.

Gentherm Price Performance

The stock has a market capitalization of $938.45 million, a PE ratio of 14.73 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 firm's 50 day simple moving average is $36.18 and its 200 day simple moving average is $40.82.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its 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). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business had revenue of $352.91 million during the quarter, compared to analysts' expectations of $360.29 million. During the same quarter in the previous year, the business earned $0.90 EPS. Gentherm's revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, equities analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

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Hedge Funds Weigh In On Gentherm

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of Gentherm by 234.8% during the third 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 period. Global Alpha Capital Management Ltd. boosted its position in Gentherm by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company's stock valued at $29,451,000 after buying an additional 116,500 shares during the period. JPMorgan Chase & Co. grew its holdings in Gentherm by 46.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company's stock worth $3,158,000 after acquiring an additional 21,376 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Gentherm by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company's stock valued at $21,452,000 after acquiring an additional 5,754 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Gentherm by 880.7% during the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company's stock valued at $8,783,000 after acquiring an additional 169,443 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors.

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.