Gentherm (NASDAQ:THRM) Reaches New 1-Year Low - Here's Why

Gentherm Incorporated (NASDAQ:THRM - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $23.63 and last traded at $24.67, with a volume of 816136 shares changing hands. The stock had previously closed at $25.23.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. StockNews.com cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Robert W. Baird lowered 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. Finally, JPMorgan Chase & Co. cut their target price on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research report on Monday, January 27th.

Gentherm Stock Performance

The stock's fifty day moving average price is $30.94 and its two-hundred day moving average price is $37.75. The company has a market cap of $718.00 million, a P/E ratio of 11.27 and a beta of 1.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01.

Gentherm (NASDAQ:THRM - Get Free Report) last released its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $360.29 million. During the same quarter in the previous year, the company earned $0.90 earnings per share. The firm's revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities analysts predict that Gentherm Incorporated will post 3.1 earnings per share for the current year.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its position in Gentherm by 234.8% during the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company's stock worth $2,861,000 after purchasing an additional 43,108 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Gentherm by 46.0% during the third quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company's stock worth $3,158,000 after buying an additional 21,376 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. 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. Finally, Raymond James Financial Inc. acquired a new stake in shares of Gentherm during the 4th quarter valued at $15,400,000. Institutional investors 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.