Gentherm (NASDAQ:THRM) Hits New 52-Week Low – Here’s What Happened

Gentherm Incorporated (NASDAQ:THRM) reached 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.

Wall Street Analyst Weigh In

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

Gentherm Price Performance

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 business’s 50-day moving average price is $34.35 and its two-hundred day moving average price is $39.65. The firm has a market cap of $843.93 million, a price-to-earnings ratio of 13.24 and a beta of 1.45.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data 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 company had revenue of $352.91 million for the quarter, compared to analyst estimates of $360.29 million. During the same period in the prior year, the business earned $0.90 earnings per share. Gentherm’s revenue was down 3.8% on a year-over-year basis. On average, research analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Quarry LP raised its position in shares of Gentherm by 952.9% during 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 in the last quarter. Signaturefd LLC raised its holdings in shares of Gentherm by 233.8% during 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 position in shares of Gentherm by 82.2% in the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after buying an additional 822 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Gentherm by 117.1% in the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock valued at $73,000 after buying an additional 991 shares during the period. Finally, Palouse Capital Management Inc. grew its position in shares of Gentherm by 91.6% during the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock valued at $143,000 after buying an additional 1,714 shares during the last quarter. 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.