Tecogen (OTCMKTS:TGEN) Stock Price Down 6.9% – Time to Sell?

Tecogen Inc. (OTCMKTS:TGEN) fell 6.9% during mid-day trading on Tuesday . The company traded as low as $5.30 and last traded at $5.67. 610,947 shares changed hands during trading, an increase of 16% from the average session volume of 527,683 shares. The stock had previously closed at $6.09.

Wall Street Analyst Weigh In

Separately, Northland Securities set a $7.50 price target on shares of Tecogen in a research report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.25.

Tecogen Price Performance

The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $170.83 million, a PE ratio of -27.19 and a beta of 2.09. The firm’s fifty day simple moving average is $4.85 and its 200-day simple moving average is $4.57.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new position in Tecogen in the third quarter worth about $91,000. Dimensional Fund Advisors LP purchased a new position in Tecogen in the first quarter worth about $29,000. Renaissance Technologies LLC raised its holdings in Tecogen by 401.5% in the first quarter. Renaissance Technologies LLC now owns 272,300 shares of the company’s stock worth $697,000 after buying an additional 218,000 shares during the last quarter. Gabelli Funds LLC purchased a new position in Tecogen in the first quarter worth about $51,000. Finally, Citizens Financial Group Inc. RI purchased a new position in Tecogen in the first quarter worth about $26,000.

About Tecogen

Tecogen Inc designs, manufactures and sells on‐site power generation and combined heat and power (CHP) systems for commercial, industrial and institutional markets. The company’s natural gas–fueled cogeneration units produce electricity while capturing and reusing waste heat for space and water heating, providing enhanced energy efficiency over traditional utility‐supplied electrical systems. Tecogen’s portfolio also includes ultra‐low NOx emission technologies, absorption chillers and ancillary equipment tailored to meet the specific demands of manufacturing facilities, hospitals, universities and other energy‐intensive customers.

Central to Tecogen’s product lineup is its InVerde e+ series of cogeneration modules, which integrate internally developed low‐emission combustion systems with advanced controls to optimize performance and reliability.