Gentherm (NASDAQ:THRM) Stock Price Down 10.3%

Gentherm Incorporated (NASDAQ:THRMGet Rating)’s share price dropped 10.3% during mid-day trading on Thursday . The stock traded as low as $61.37 and last traded at $61.74. Approximately 2,056 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 207,159 shares. The stock had previously closed at $68.84.

THRM has been the topic of several recent research reports. Roth Capital reiterated a “buy” rating on shares of Gentherm in a report on Thursday, May 5th. StockNews.com began coverage on Gentherm in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, TheStreet lowered Gentherm from a “b” rating to a “c+” rating in a research note on Friday, May 20th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Gentherm currently has an average rating of “Buy” and an average price target of $101.20.

The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 26.88 and a beta of 1.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 2.47. The company has a fifty day simple moving average of $68.07 and a two-hundred day simple moving average of $77.73.

Gentherm (NASDAQ:THRMGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The auto parts company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). Gentherm had a net margin of 7.05% and a return on equity of 12.20%. The company had revenue of $267.70 million during the quarter, compared to analyst estimates of $254.31 million. During the same period in the prior year, the firm earned $1.04 earnings per share. Gentherm’s revenue was down 7.2% on a year-over-year basis. As a group, equities analysts anticipate that Gentherm Incorporated will post 2.61 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in Gentherm by 0.5% during the 1st quarter. BlackRock Inc. now owns 5,083,926 shares of the auto parts company’s stock worth $371,330,000 after acquiring an additional 23,053 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of Gentherm by 1.7% in the 1st quarter. Disciplined Growth Investors Inc. MN now owns 1,180,579 shares of the auto parts company’s stock valued at $86,229,000 after buying an additional 19,233 shares during the last quarter. State Street Corp grew its position in shares of Gentherm by 2.7% in the 1st quarter. State Street Corp now owns 1,105,979 shares of the auto parts company’s stock valued at $80,781,000 after buying an additional 28,569 shares during the last quarter. Invesco Ltd. grew its position in shares of Gentherm by 171.9% in the 1st quarter. Invesco Ltd. now owns 988,683 shares of the auto parts company’s stock valued at $72,213,000 after buying an additional 625,083 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Gentherm by 1,844.6% in the 4th quarter. JPMorgan Chase & Co. now owns 903,014 shares of the auto parts company’s stock valued at $78,471,000 after buying an additional 856,576 shares during the last quarter. 99.08% of the stock is owned by institutional investors.

Gentherm Company Profile (NASDAQ:THRM)

Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. 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 that utilize proprietary electronics technology and software; and other climate comfort systems, including neck conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.

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