Gentherm Inc (NASDAQ:THRM) VP Kenneth John Phillips sold 9,000 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $42.98, for a total transaction of $386,820.00. Following the transaction, the vice president now owns 38,677 shares in the company, valued at $1,662,337.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of NASDAQ:THRM opened at $42.89 on Friday. The company has a market capitalization of $1.44 billion, a P/E ratio of 20.23 and a beta of 1.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.88 and a current ratio of 2.53. Gentherm Inc has a fifty-two week low of $30.45 and a fifty-two week high of $50.30.
Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, February 21st. The auto parts company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.08). The firm had revenue of $253.65 million during the quarter, compared to analyst estimates of $266.86 million. Gentherm had a net margin of 4.04% and a return on equity of 13.83%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, analysts forecast that Gentherm Inc will post 2.08 EPS for the current fiscal year.
A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Friday. TheStreet upgraded shares of Gentherm from a “c” rating to a “b-” rating in a research report on Friday, February 22nd. Craig Hallum downgraded shares of Gentherm from a “buy” rating to a “hold” rating and cut their target price for the company from $48.00 to $46.00 in a research report on Thursday, February 21st. Zacks Investment Research downgraded shares of Gentherm from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Finally, Longbow Research set a $32.00 target price on shares of Gentherm and gave the company a “sell” rating in a research report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $45.22.
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Gentherm Incorporated designs, develops, and manufactures thermal management technologies. The company operates through two segments, Automotive and Industrial. The Automotive segment offers climate comfort system solutions, including seat heaters; variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; integrated electronic components, such as blowers and electronic control units; and steering wheel heaters, neck climate control systems, and surface climate control systems for doors, armrests, cupholders, and storage products.
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