April 26, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of Gentherm Inc (NASDAQ:THRM) was announced over potential breaches of fiduciary duties by certain officers and directors at Gentherm.
The investigation by a law firm concerns whether certain Gentherm Inc officers and directors breached their fiduciary duties.
Shares Gentherm Inc (NASDAQ:THRM) declined from $57.86 per share in June 2015 to as low as $27.45 per share in November 2016.
Gentherm Inc reported that its annual Total Revenue rose from $856.45 million in 2015 to $917.60 million in 2016 and that its Net Income declined from $95.39 million in 2015 to $76.60 million in 2016.
Shares Gentherm Inc (NASDAQ:THRM) grew from $27.45 per share in November 2016 to as high as $39.25 per share in March 2017.
On April 26, 2017, NASDAQ:THRM shares closed at $36.30 per share.