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

Gentherm Incorporated (NASDAQ:THRM) shares hit a new 52-week low on Wednesday . The company traded as low as $26.11 and last traded at $26.47, with a volume of 8082 shares. The stock had previously closed at $26.66.

Wall Street Analyst Weigh In

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

Gentherm Price Performance

The stock’s 50 day moving average price is $33.80 and its two-hundred day moving average price is $39.29. 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 has a market capitalization of $811.14 million, a price-to-earnings ratio of 12.72 and a beta of 1.45.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. During the same period last year, the business earned $0.90 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.

Institutional Investors Weigh In On Gentherm

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THRM. Quarry LP lifted its position in 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 purchasing an additional 486 shares during the period. Signaturefd LLC boosted its stake in Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 463 shares during the last quarter. KBC Group NV lifted its holdings in Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after acquiring an additional 822 shares in the last quarter. Headlands Technologies LLC grew its stake in Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock valued at $73,000 after acquiring an additional 991 shares during the period. Finally, Palouse Capital Management Inc. raised its position in shares of Gentherm by 91.6% during the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock worth $143,000 after purchasing an additional 1,714 shares during the period. Institutional investors and hedge funds 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.