Barrington Research Downgrades Gentherm Inc to Market Perform

Brokerage firm Barrington Research Downgrades its rating on Gentherm Inc(NASDAQ:THRM). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Barrington Research was issued on Jul 28, 2016.

Gentherm Inc (THRM) made into the market gainers list on Thursdays trading session with the shares advancing 0.16% or 0.05 points. Due to strong positive momentum, the stock ended at $31.95, which is also near the day’s high of $32.37. The stock began the session at $32.01 and the volume stood at 5,83,517 shares. The 52-week high of the shares is $51.71 and the 52 week low is $31.31. The company has a current market capitalization of $1,166 M and it has 3,64,79,431 shares in outstanding.

Gentherm Inc(THRM) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $232.72M. Analysts had an estimated revenue of $240.54M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.65.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Erin Erwine Ascher (VP Talent Devlopment CHRO) sold 1,009 shares at $36.89 per share price.Also, On Jun 6, 2016, Darren Schumacher (VP Product Development) sold 16,011 shares at $37.74 per share price.On Mar 2, 2016, Barry G Steele (CFO/VP Finance/Treasurer) sold 20,000 shares at $49.58 per share price, according to the Form-4 filing with the securities and exchange commission.

Gentherm Incorporated (Gentherm) is engaged in the design development and manufacturing of thermal management technologies. The Company’s segments are: Automotive Industrial. The Automotive segment represents Gentherm’s three geographic operating segments: North America Europe and Asia. The Automotive segment includes automotive seat comfort systems specialized automotive cable systems and other automotive and non-automotive thermal convenience products. The Industrial segment includes Gentherm Global Power Technologies (GPT) and Gentherm’s advanced research and product development division. The advanced research and product development division is engaged in projects to improve the efficiency of thermal management technologies and to develop market and distribute products based on these new technologies.

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