Gentherm (NASDAQ:THRM) Reaches New 12-Month Low at $36.07

Gentherm Inc (NASDAQ:THRM) shares reached a new 52-week low during trading on Friday . The stock traded as low as $36.07 and last traded at $36.19, with a volume of 102322 shares traded. The stock had previously closed at $37.46.

Several research analysts have commented on THRM shares. ValuEngine raised Gentherm from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. BidaskClub lowered Gentherm from a “hold” rating to a “sell” rating in a report on Saturday, August 17th. Argus lowered Gentherm from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, TheStreet lowered Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Gentherm currently has a consensus rating of “Hold” and an average price target of $43.67.

The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 17.07 and a beta of 1.33. The company has a quick ratio of 1.65, a current ratio of 2.34 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $39.24 and a 200-day moving average price of $39.96.

Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.01). The company had revenue of $243.33 million during the quarter, compared to analyst estimates of $254.53 million. Gentherm had a net margin of 2.31% and a return on equity of 14.49%. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS. As a group, research analysts expect that Gentherm Inc will post 2.1 earnings per share for the current year.

In related news, insider Frithjof Oldorff sold 10,230 shares of Gentherm stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $38.79, for a total value of $396,821.70. Following the sale, the insider now directly owns 36,218 shares in the company, valued at $1,404,896.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kenneth John Phillips sold 3,577 shares of Gentherm stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $42.38, for a total value of $151,593.26. Following the completion of the sale, the vice president now owns 17,069 shares in the company, valued at $723,384.22. The disclosure for this sale can be found here. In the last three months, insiders sold 15,152 shares of company stock worth $601,489. Corporate insiders own 1.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of THRM. Dimensional Fund Advisors LP raised its holdings in Gentherm by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,614,527 shares of the auto parts company’s stock worth $64,548,000 after purchasing an additional 31,233 shares in the last quarter. Norges Bank acquired a new position in shares of Gentherm during the fourth quarter valued at about $9,992,000. Geode Capital Management LLC increased its holdings in shares of Gentherm by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 406,020 shares of the auto parts company’s stock valued at $16,232,000 after acquiring an additional 10,280 shares in the last quarter. Brinker Capital Inc. increased its holdings in shares of Gentherm by 26.7% during the first quarter. Brinker Capital Inc. now owns 8,015 shares of the auto parts company’s stock valued at $295,000 after acquiring an additional 1,691 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its holdings in shares of Gentherm by 39.1% during the first quarter. Virginia Retirement Systems ET AL now owns 18,500 shares of the auto parts company’s stock valued at $682,000 after acquiring an additional 5,200 shares in the last quarter.

Gentherm Company Profile (NASDAQ:THRM)

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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