Gentherm (NASDAQ:THRM) Sets New 52-Week Low – Should You Sell?

Gentherm Incorporated (NASDAQ:THRM)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $38.08 and last traded at $38.08, with a volume of 45600 shares changing hands. The stock had previously closed at $38.63.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Craig Hallum decreased their price objective on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Robert W. Baird lowered their price target on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a research report on Monday, October 21st.

Gentherm Trading Up 1.8 %

The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 18.22 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The business’s 50-day simple moving average is $42.00 and its 200-day simple moving average is $46.62.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 EPS. On average, research analysts expect that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

Insider Activity

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of Gentherm 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 sale, the senior vice president now directly owns 13,413 shares in the company, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $42.00, for a total transaction of $105,000.00. Following the transaction, the senior vice president now owns 18,947 shares of the company’s stock, valued at approximately $795,774. This represents a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by company insiders.

Institutional Trading of Gentherm

Several institutional investors and hedge funds have recently bought and sold shares of THRM. Quarry LP grew its stake in 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. Gladius Capital Management LP bought a new position in shares of Gentherm in the third quarter valued at $44,000. Headlands Technologies LLC grew its stake in shares of Gentherm by 134.0% in the second quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock valued at $60,000 after buying an additional 701 shares in the last quarter. Palouse Capital Management Inc. acquired a new position in Gentherm during the second quarter worth $92,000. Finally, MeadowBrook Investment Advisors LLC raised its position in Gentherm by 8.4% during 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 in the last quarter. 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.