Gentherm (NASDAQ:THRM) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Gentherm Inc (NASDAQ:THRM)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.87 and traded as high as $36.09. Gentherm shares last traded at $35.68, with a volume of 401,297 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on THRM shares. Roth Capital lowered their target price on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Weiss Ratings raised shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their price objective on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Stifel Nicolaus upped their target price on shares of Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $37.40.

Gentherm Price Performance

The business has a fifty day moving average of $33.89 and a two-hundred day moving average of $32.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 47.57 and a beta of 1.38.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.31. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.The business had revenue of $393.71 million during the quarter, compared to the consensus estimate of $363.81 million. During the same quarter last year, the firm posted $0.51 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, research analysts predict that Gentherm Inc will post 2.74 EPS for the current fiscal year.

Institutional Trading of Gentherm

A number of hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in shares of Gentherm by 160.3% during the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after buying an additional 500 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Gentherm in the 4th quarter valued at about $35,000. Eagle Bay Advisors LLC acquired a new position in Gentherm in the 4th quarter valued at about $50,000. Palladiem LLC bought a new position in Gentherm in the 4th quarter valued at about $52,000. Finally, Nisa Investment Advisors LLC raised its holdings in Gentherm by 21.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock valued at $73,000 after acquiring an additional 353 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Company Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.