Gentherm (NASDAQ:THRM) Hits New 12-Month Low – Here’s Why

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on THRM shares. JPMorgan Chase & Co. cut their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Robert W. Baird cut their price target on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Finally, StockNews.com cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th.

Gentherm Stock Down 2.1 %

The company has a market capitalization of $934.45 million, a P/E ratio of 14.67 and a beta of 1.45. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $36.54 and a 200-day simple moving average of $41.16.

Gentherm (NASDAQ:THRM) last posted 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 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 period in the previous year, the company posted $0.90 earnings per share. Gentherm’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities research analysts expect that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Gentherm

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP lifted its holdings in shares of Gentherm by 952.9% in the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 486 shares in the last quarter. Signaturefd LLC raised its position in Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after buying an additional 463 shares during the last quarter. Gladius Capital Management LP bought a new stake in Gentherm in the 3rd quarter valued at approximately $44,000. KBC Group NV boosted its position in Gentherm by 82.2% during the 4th 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 during the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of Gentherm by 117.1% during the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock worth $73,000 after acquiring an additional 991 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.