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

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

Analysts Set New Price Targets

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

Tecogen Trading Down 5.3%

The business’s 50 day simple moving average is $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. The firm has a market cap of $96.34 million, a price-to-earnings ratio of -9.76 and a beta of 2.11.

Tecogen (NYSEAMERICAN:TGEN) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.07) EPS for the quarter. Tecogen had a negative return on equity of 45.67% and a negative net margin of 37.15%.The company had revenue of $6.34 million for the quarter. On average, sell-side analysts predict that Tecogen Inc. will post -0.25 EPS for the current 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.