Gentherm (NASDAQ:THRM) Shares Gap Up - Time to Buy?

Shares of Gentherm Incorporated (NASDAQ:THRM - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $23.69, but opened at $24.28. Gentherm shares last traded at $23.69, with a volume of 38,826 shares traded.

Wall Street Analysts Forecast Growth

THRM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. StockNews.com downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Robert W. Baird dropped their price objective on Gentherm from $39.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th.

Gentherm Stock Up 3.0 %

The stock has a market cap of $750.94 million, a price-to-earnings ratio of 11.78 and a beta of 1.46. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The business's fifty day moving average is $29.66 and its two-hundred day moving average is $36.98.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $352.91 million for the quarter, compared to analysts' expectations of $360.29 million. During the same period in the prior year, the company posted $0.90 EPS. The firm's revenue was down 3.8% compared to the same quarter last year. Equities analysts forecast that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Institutional Trading of Gentherm

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Gentherm by 234.8% during the 3rd 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Gentherm by 46.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company's stock valued at $3,158,000 after buying an additional 21,376 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of Gentherm by 48.3% in the 4th quarter. Moody National Bank Trust Division now owns 17,791 shares of the auto parts company's stock valued at $710,000 after buying an additional 5,795 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Gentherm by 34.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,994 shares of the auto parts company's stock worth $239,000 after acquiring an additional 1,525 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in Gentherm by 14.5% in the fourth quarter. Inspire Investing LLC now owns 10,091 shares of the auto parts company's stock valued at $403,000 after acquiring an additional 1,276 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

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.