Gentherm (NASDAQ:THRM) Reaches New 12-Month Low – Should You Sell?

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

Analysts Set New Price Targets

Several research firms recently commented on THRM. StockNews.com raised Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Robert W. Baird lowered their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, Craig Hallum lowered their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, October 31st.

Gentherm Stock Performance

The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average price is $39.02 and its 200-day moving average price is $43.19. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 16.89 and a beta of 1.42.

Insider Buying and Selling at Gentherm

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the sale, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Gentherm

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP increased its position in Gentherm by 952.9% in the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 486 shares during the period. Signaturefd LLC increased its stake in Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after buying an additional 463 shares during the period. Gladius Capital Management LP purchased a new position in Gentherm during the 3rd quarter worth $44,000. KBC Group NV boosted its holdings in shares of Gentherm by 82.2% in the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after acquiring an additional 822 shares in the last quarter. Finally, Headlands Technologies LLC boosted its holdings in shares of Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock valued at $73,000 after acquiring an additional 991 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

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.