Gentherm (NASDAQ:THRM) Sets New 1-Year Low – What’s Next?

Gentherm Incorporated (NASDAQ:THRM) hit a new 52-week low on Thursday . The company traded as low as $30.18 and last traded at $30.19, with a volume of 29293 shares changing hands. The stock had previously closed at $31.00.

Wall Street Analyst Weigh In

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

Gentherm Stock Performance

The firm’s 50 day moving average is $36.18 and its 200 day moving average is $40.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The stock has a market cap of $935.68 million, a P/E ratio of 14.68 and a beta of 1.45.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.39). The business had revenue of $352.91 million for the quarter, compared to analysts’ expectations of $360.29 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 EPS. Analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Gentherm during the 4th quarter valued at approximately $15,400,000. Nuance Investments LLC acquired a new stake in Gentherm during the third quarter valued at $16,754,000. HITE Hedge Asset Management LLC purchased a new position in Gentherm in the fourth quarter valued at $9,832,000. Cerity Partners LLC raised its position in shares of Gentherm by 880.7% in the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock worth $8,783,000 after acquiring an additional 169,443 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of Gentherm by 42.9% during the 4th quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company’s stock worth $20,962,000 after acquiring an additional 157,544 shares in the last quarter. 97.13% of the stock is 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.