Gentherm (NASDAQ:THRM) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Gentherm Inc. shares crossed above their 200-day moving average during trading, reaching a high of $33.91.
• Several analysts have recently upgraded Gentherm’s stock ratings, with a new average target price of $46.00 and a consensus rating of "Buy."
• The company reported a miss on EPS in its latest earnings results, achieving $0.54 compared to an expected $0.59, despite revenue exceeding analyst expectations.

Gentherm Inc (NASDAQ:THRM - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.09 and traded as high as $33.91. Gentherm shares last traded at $33.10, with a volume of 205,354 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on THRM shares. Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. raised their price objective on shares of Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Robert W. Baird lifted their target price on shares of Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Finally, Wall Street Zen raised shares of Gentherm from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Gentherm has an average rating of "Buy" and an average target price of $46.00.

Gentherm Stock Up 3.9%

The firm's 50-day moving average price is $30.12 and its 200-day moving average price is $29.85. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 33.32 and a beta of 1.45. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.05). Gentherm had a return on equity of 9.90% and a net margin of 2.18%. The business had revenue of $375.09 million during the quarter, compared to analyst estimates of $358.09 million. During the same period in the previous year, the company earned $0.66 EPS. Gentherm's revenue was down .2% on a year-over-year basis. Sell-side analysts forecast that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

Institutional Trading of Gentherm

Large investors have recently bought and sold shares of the company. Rhumbline Advisers grew its holdings in Gentherm by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 92,587 shares of the auto parts company's stock valued at $2,619,000 after purchasing an additional 1,173 shares in the last quarter. Franklin Resources Inc. grew its holdings in Gentherm by 8.0% during the 2nd quarter. Franklin Resources Inc. now owns 12,913 shares of the auto parts company's stock valued at $365,000 after purchasing an additional 953 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Gentherm by 1.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 108,251 shares of the auto parts company's stock valued at $3,062,000 after purchasing an additional 1,850 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Gentherm by 12.5% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 128,961 shares of the auto parts company's stock valued at $3,648,000 after purchasing an additional 14,286 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in Gentherm by 4.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 24,635 shares of the auto parts company's stock valued at $697,000 after purchasing an additional 1,141 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.