Gentherm (NASDAQ:THRM) Stock Passes Above 200-Day Moving Average – Time to Sell?

Gentherm Inc (NASDAQ:THRM) crossed 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 trading hands.

Wall Street Analysts Forecast Growth

THRM has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. JPMorgan Chase & Co. increased their target price on shares of Gentherm from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Stifel Nicolaus boosted their price target on shares of Gentherm from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Robert W. Baird upped their price target on shares of Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.40.

Gentherm Stock Up 0.4%

The stock has a market cap of $1.10 billion, a P/E ratio of 47.77 and a beta of 1.38. The company has a quick ratio of 1.36, a current ratio of 1.97 and a debt-to-equity ratio of 0.31. The company has a 50-day simple moving average of $34.02 and a two-hundred day simple moving average of $32.89.

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

Hedge Funds Weigh In On Gentherm

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Gentherm by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 3,332,197 shares of the auto parts company’s stock valued at $121,192,000 after acquiring an additional 29,214 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Gentherm by 7.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,474,493 shares of the auto parts company’s stock worth $40,960,000 after purchasing an additional 96,280 shares during the last quarter. Harvey Partners LLC increased its holdings in Gentherm by 72.6% during the 3rd quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock valued at $34,894,000 after purchasing an additional 431,072 shares during the period. Ameriprise Financial Inc. increased its holdings in Gentherm by 42.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock valued at $21,630,000 after purchasing an additional 190,432 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Gentherm by 1.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 554,641 shares of the auto parts company’s stock valued at $15,408,000 after purchasing an additional 10,058 shares during the last quarter. Hedge funds and other institutional investors 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.