Tecogen (NYSEAMERICAN:TGEN) Shares Down 12.9% – Here’s What Happened

Tecogen Inc. (NYSEAMERICAN:TGEN)’s share price was down 12.9% on Friday . The stock traded as low as $3.56 and last traded at $3.65. Approximately 356,170 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 233,655 shares. The stock had previously closed at $4.19.

Tecogen Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 3.02 and a quick ratio of 1.72. The stock’s fifty day moving average is $4.43. The firm has a market capitalization of $109.21 million, a P/E ratio of -10.74 and a beta of 2.15.

Tecogen (NYSEAMERICAN:TGEN) last announced its earnings results on Wednesday, August 12th. The company reported ($0.07) earnings per share for the quarter. Tecogen had a negative return on equity of 41.97% and a negative net margin of 42.28%.The business had revenue of $5.75 million for the quarter. Research 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.