Gentherm (NASDAQ:THRM) Shares Pass Above 200 Day Moving Average - Here's Why

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.

Shares of Gentherm Inc (NASDAQ:THRM - Get Free Report) 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 trading hands.

Analysts Set New Price Targets

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

Gentherm Stock Down 1.2%

The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $29.88 and a two-hundred day moving average of $30.09. The company has a market capitalization of $1.01 billion, a PE ratio of 32.45 and a beta of 1.45.

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

Hedge Funds Weigh In On Gentherm

Several hedge funds have recently bought and sold shares of THRM. Trigran Investments Inc. boosted its position in shares of Gentherm by 11.0% in the first quarter. Trigran Investments Inc. now owns 2,210,388 shares of the auto parts company's stock worth $59,106,000 after acquiring an additional 219,450 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Gentherm by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company's stock valued at $48,616,000 after purchasing an additional 62,562 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its stake in Gentherm by 23.5% in the second quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company's stock valued at $31,384,000 after acquiring an additional 211,300 shares during the period. GW&K Investment Management LLC boosted its stake in Gentherm by 4.3% during the 1st quarter. GW&K Investment Management LLC now owns 902,263 shares of the auto parts company's stock valued at $24,126,000 after purchasing an additional 37,552 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Gentherm by 8.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 529,708 shares of the auto parts company's stock worth $14,164,000 after buying an additional 43,143 shares in the last quarter. Hedge funds and other institutional investors 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.

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