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

Gentherm Incorporated (NASDAQ:THRM) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $35.00 and last traded at $35.56, with a volume of 12449 shares changing hands. The stock had previously closed at $35.44.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com raised Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Robert W. Baird decreased their price target on Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday. JPMorgan Chase & Co. decreased their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Craig Hallum decreased their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st.

Gentherm Price Performance

The business has a 50-day moving average price of $38.67 and a 200 day moving average price of $43.01. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 15.63 and a beta of 1.42. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The company had revenue of $352.91 million for the quarter, compared to analyst estimates of $360.29 million. During the same quarter last year, the company posted $0.90 EPS. Gentherm’s revenue was down 3.8% on a year-over-year basis. As a group, research analysts expect that Gentherm Incorporated will post 2.72 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction on Thursday, December 5th. The stock was 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 owns 18,947 shares in the company, valued at $795,774. This represents a 11.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the completion of the sale, the senior vice president now owns 13,413 shares of the company’s stock, valued at $576,490.74. The trade was 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 Trading of Gentherm

A number of hedge funds have recently modified their holdings of the business. MeadowBrook Investment Advisors LLC increased its stake in shares of Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 260 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Gentherm by 0.3% in the fourth quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company’s stock worth $3,623,000 after acquiring an additional 277 shares during the last quarter. Comerica Bank increased its position in Gentherm by 1.4% during the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company’s stock worth $839,000 after buying an additional 300 shares during the last quarter. Captrust Financial Advisors increased its position in Gentherm by 3.9% during the third quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company’s stock worth $386,000 after buying an additional 314 shares during the last quarter. Finally, Signaturefd LLC increased its position in 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 buying an additional 463 shares during the last quarter. Hedge funds and other 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.