Tecogen (NYSEAMERICAN:TGEN) Trading Down 5.3% – Here’s What Happened

Tecogen Inc. (NYSEAMERICAN:TGEN)’s share price was down 5.3% during mid-day trading on Friday . The stock traded as low as $3.15 and last traded at $3.22. 363,344 shares traded hands during mid-day trading, an increase of 57% from the average session volume of 231,764 shares. The stock had previously closed at $3.40.

Analyst Ratings Changes

Several equities research analysts recently commented on TGEN shares. Craig Hallum started coverage on shares of Tecogen in a research note on Monday, April 13th. They set a “buy” rating and a $6.00 price target on the stock. Northland Securities initiated coverage on shares of Tecogen in a research note on Thursday, April 2nd. They issued an “outperform” rating and a $4.50 price objective for the company. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Tecogen has an average rating of “Buy” and an average price target of $5.25.

Tecogen Trading Down 5.3%

The stock has a market cap of $96.34 million, a PE ratio of -9.76 and a beta of 2.11. The business has a 50 day moving average of $5.18. The company has a current ratio of 3.02, a quick ratio of 1.72 and a debt-to-equity ratio of 0.06.

Tecogen (NYSEAMERICAN:TGEN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $6.34 million during the quarter. Tecogen had a negative net margin of 37.15% and a negative return on equity of 45.67%. Research analysts expect that Tecogen Inc. will post -0.25 EPS for the current fiscal year.

Tecogen Company Profile

Tecogen Inc is a developer and manufacturer of commercial and industrial distributed energy equipment that uses natural gas-fueled internal combustion engine technology to produce heat and power. The company’s product suite centers on combined heat and power (CHP) systems that recover waste heat from on-site power generation to provide space and water heating and, in some configurations, cooling. Tecogen’s offerings are designed to improve on-site energy efficiency while reducing operating costs and emissions relative to separate purchases of electricity and fuel.

In addition to CHP units, Tecogen provides auxiliary equipment and services that support distributed generation installations, including heat recovery components, controls and monitoring systems, emissions reduction technologies, and aftermarket parts and maintenance.