Gentherm (NASDAQ:THRM) Reaches New 52-Week Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Gentherm Stock Performance

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

Insider Buying and Selling

In related news, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 13,413 shares in the company, valued at $576,490.74. The trade was a 8.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the 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 sale, the senior vice president now owns 18,947 shares in the company, valued at approximately $795,774. This trade represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Institutional Trading of Gentherm

Institutional investors and hedge funds have recently made changes to their positions in the stock. PharVision Advisers LLC acquired a new position in Gentherm in the 4th quarter valued at about $297,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Gentherm by 8.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,394 shares of the auto parts company’s stock valued at $3,010,000 after buying an additional 5,663 shares during the last quarter. Voloridge Investment Management LLC raised its position in shares of Gentherm by 280.9% in the fourth quarter. Voloridge Investment Management LLC now owns 114,187 shares of the auto parts company’s stock valued at $4,559,000 after buying an additional 84,207 shares during the last quarter. Squarepoint Ops LLC boosted its position in Gentherm by 105.4% during the fourth quarter. Squarepoint Ops LLC now owns 42,647 shares of the auto parts company’s stock worth $1,703,000 after acquiring an additional 21,888 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC grew its stake in Gentherm by 104.7% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 11,965 shares of the auto parts company’s stock worth $478,000 after acquiring an additional 6,121 shares during the period. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

About Gentherm

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.