Gentherm (NASDAQ:THRM) Sets New 52-Week Low – Time to Sell?

Shares of Gentherm Incorporated (NASDAQ:THRM) hit a new 52-week low during trading on Wednesday . The company traded as low as $35.65 and last traded at $36.24, with a volume of 1202 shares trading hands. The stock had previously closed at $36.24.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on THRM. JPMorgan Chase & Co. decreased their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Craig Hallum cut their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, Robert W. Baird lowered their price objective on shares of 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 0.5 %

The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1.10 billion, a PE ratio of 16.53 and a beta of 1.42. The business’s 50-day moving average price is $39.43 and its 200-day moving average price is $43.61.

Insiders Place Their Bets

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the sale, the senior vice president now directly owns 18,947 shares in the company, valued at $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the transaction, the senior vice president now owns 13,413 shares in the company, valued at approximately $576,490.74. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Gentherm

Large investors have recently bought and sold shares of the business. Quarry LP increased its holdings 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 during the last quarter. Signaturefd LLC boosted its holdings in shares of Gentherm by 233.8% during the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock worth $26,000 after buying an additional 463 shares during the period. Gladius Capital Management LP bought a new position in Gentherm in the 3rd quarter worth $44,000. KBC Group NV boosted 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 valued at $73,000 after acquiring an additional 822 shares during the period. Finally, Headlands Technologies LLC increased its stake in shares of Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock worth $73,000 after purchasing an additional 991 shares during the period. 97.13% of the stock is currently owned by institutional investors.

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.