Gentherm (NASDAQ:THRM) Hits New 12-Month Low - Time to Sell?

Gentherm Incorporated (NASDAQ:THRM - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $39.84 and last traded at $40.15, with a volume of 225161 shares. The stock had previously closed at $41.74.

Analyst Ratings Changes

THRM has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 price objective for the company in a research note on Monday, October 21st. Craig Hallum decreased their price target on shares of Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Finally, Robert W. Baird lowered their price target on Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st.

Gentherm Stock Down 3.8 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The firm has a 50 day simple moving average of $42.40 and a 200-day simple moving average of $47.27. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 18.79 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $371.50 million during the quarter, compared to analyst estimates of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The company's revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. On average, sell-side analysts forecast that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

Insider Activity at Gentherm

In related news, SVP Thomas Stocker sold 1,295 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the completion of the sale, the senior vice president now owns 13,413 shares in the company, valued at approximately $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Phillip Eyler sold 4,402 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the transaction, the chief executive officer now owns 147,317 shares of the company's stock, valued at approximately $7,395,313.40. This represents a 2.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,197 shares of company stock worth $381,640 over the last 90 days. Insiders own 1.91% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of THRM. Quarry LP boosted its holdings in 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 purchasing an additional 486 shares during the last quarter. Gladius Capital Management LP bought a new position in Gentherm during the third quarter worth about $44,000. Headlands Technologies LLC increased its position in Gentherm by 134.0% during the second quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company's stock worth $60,000 after buying an additional 701 shares during the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Gentherm in the second quarter valued at approximately $92,000. Finally, MeadowBrook Investment Advisors LLC lifted its position in shares of Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company's stock valued at $156,000 after buying an additional 260 shares during 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.

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