Gentherm (NASDAQ:THRM) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?
by Doug Wharley · The Cerbat GemGentherm Inc (NASDAQ:THRM – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.46 and traded as high as $36.88. Gentherm shares last traded at $36.83, with a volume of 153,275 shares trading hands.
Analyst Ratings Changes
THRM has been the subject of several analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Gentherm in a report on Monday, December 29th. Robert W. Baird set a $42.00 price objective on Gentherm in a research note on Friday, October 24th. Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Roth Capital reiterated a “buy” rating and set a $44.00 price target on shares of Gentherm in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.00.
Read Our Latest Stock Analysis on THRM
Gentherm Stock Performance
The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.33 and a current ratio of 1.96. The stock has a market capitalization of $1.12 billion, a P/E ratio of 36.83 and a beta of 1.35. The business has a 50-day moving average price of $36.47 and a 200 day moving average price of $34.50.
Gentherm (NASDAQ:THRM – Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. Gentherm had a return on equity of 9.55% and a net margin of 2.08%.The business had revenue of $386.87 million during the quarter, compared to analysts’ expectations of $374.75 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Gentherm Inc will post 3.1 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of THRM. Arrowstreet Capital Limited Partnership raised its holdings in shares of Gentherm by 385.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 543,200 shares of the auto parts company’s stock valued at $18,501,000 after purchasing an additional 431,271 shares during the last quarter. Harvey Partners LLC raised its stake 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 buying an additional 431,072 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Gentherm by 46.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock valued at $33,962,000 after buying an additional 317,246 shares during the period. Global Alpha Capital Management Ltd. grew its holdings in shares of Gentherm by 23.5% in the second quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company’s stock worth $31,384,000 after acquiring an additional 211,300 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Gentherm by 42.8% during the third quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock valued at $21,630,000 after acquiring an additional 190,432 shares during the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.
About Gentherm
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.