Gentherm (NASDAQ:THRM) Rating Increased to Hold at Zacks Investment Research

Gentherm (NASDAQ:THRM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “

Several other analysts have also recently issued reports on THRM. ValuEngine raised Gentherm from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. TheStreet lowered Gentherm from a “b-” rating to a “c+” rating in a research report on Thursday, July 25th. BidaskClub upgraded Gentherm from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Argus lowered Gentherm from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $44.40.

Gentherm stock traded down $0.71 during trading hours on Friday, reaching $39.03. The stock had a trading volume of 31,966 shares, compared to its average volume of 179,699. The stock has a market cap of $1.34 billion, a PE ratio of 18.41, a PEG ratio of 1.49 and a beta of 1.28. Gentherm has a 52 week low of $35.63 and a 52 week high of $47.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.65. The company has a fifty day simple moving average of $39.19 and a 200-day simple moving average of $39.68.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $243.33 million during the quarter, compared to the consensus estimate of $254.53 million. Gentherm had a return on equity of 14.49% and a net margin of 2.31%. Gentherm’s revenue was down 8.7% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. Research analysts predict that Gentherm will post 2.1 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Gentherm by 32.5% during the second quarter. Parallel Advisors LLC now owns 1,915 shares of the auto parts company’s stock valued at $80,000 after purchasing an additional 470 shares in the last quarter. First Bank & Trust lifted its stake in Gentherm by 45.9% during the 2nd quarter. First Bank & Trust now owns 3,234 shares of the auto parts company’s stock valued at $135,000 after acquiring an additional 1,017 shares during the period. Convergence Investment Partners LLC bought a new position in Gentherm during the 2nd quarter valued at about $146,000. NumerixS Investment Technologies Inc lifted its stake in Gentherm by 200.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 2,800 shares during the period. Finally, Zions Bancorporation N.A. lifted its stake in Gentherm by 6.5% during the 2nd quarter. Zions Bancorporation N.A. now owns 4,553 shares of the auto parts company’s stock valued at $190,000 after acquiring an additional 276 shares during the period.

About Gentherm

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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