Gentherm (NASDAQ:THRM) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Gentherm Incorporated (NASDAQ:THRM) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.87 and traded as low as $36.06. Gentherm shares last traded at $36.16, with a volume of 211,390 shares.

Wall Street Analysts Forecast Growth

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

Gentherm Trading Down 1.6 %

The stock’s fifty day moving average price is $39.79 and its 200 day moving average price is $43.87. The stock has a market cap of $1.12 billion, a P/E ratio of 16.90 and a beta of 1.42. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34.

Insider Buying and Selling

In other news, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the sale, the senior vice president now directly owns 18,947 shares of the company’s stock, valued at $795,774. The trade was a 11.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the transaction, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This trade 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.

Hedge Funds Weigh In On Gentherm

A number of hedge funds have recently bought and sold shares of THRM. Barclays PLC lifted its stake in shares of Gentherm by 234.8% in the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock worth $2,861,000 after buying an additional 43,108 shares in the last quarter. Global Alpha Capital Management Ltd. raised its holdings in Gentherm by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after acquiring an additional 116,500 shares during the last quarter. Raymond James & Associates lifted its position in Gentherm by 18.9% in the 3rd quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock valued at $5,980,000 after acquiring an additional 20,401 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Gentherm by 46.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock valued at $3,158,000 after purchasing an additional 21,376 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Gentherm by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock worth $21,452,000 after purchasing an additional 5,754 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

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.