Insider Selling: Kenneth John Phillips Unloads 2,500 Shares of Gentherm Stock (THRM)
Gentherm (NASDAQ:THRM) VP Kenneth John Phillips sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $18.91, for a total value of $47,275.00. Following the sale, the vice president now directly owns 40,500 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on THRM shares. Analysts at Zacks downgraded shares of Gentherm (NASDAQ:THRM) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $22.00 price target on the stock.
Shares of Gentherm (NASDAQ:THRM) traded up 1.02% during mid-day trading on Monday, hitting $18.81. 299,040 shares of the company’s stock traded hands. Gentherm has a one year low of $10.95 and a one year high of $20.70. The stock has a 50-day moving average of $17.98 and a 200-day moving average of $17.46. The company has a market cap of $640.8 million and a P/E ratio of 33.55.
Gentherm (NASDAQ:THRM) last released its earnings data on Thursday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $160.50 million for the quarter, compared to the consensus estimate of $149.93 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, analysts predict that Gentherm will post $0.84 earnings per share for the current fiscal year.
Gentherm Inc, formerly Amerigon Incorporated, doing business as Gentherm, is a global developer and marketer of thermal management technologies for a range of heating and cooling and temperature control applications.
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