Tecogen (NYSEAMERICAN:TGEN) Stock Price Down 8.3% – Should You Sell?

Shares of Tecogen Inc. (NYSEAMERICAN:TGEN) were down 8.3% on Thursday . The stock traded as low as $4.36 and last traded at $4.52. Approximately 451,259 shares changed hands during mid-day trading, an increase of 76% from the average session volume of 256,072 shares. The stock had previously closed at $4.93.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TGEN shares. Craig Hallum started coverage on shares of Tecogen in a report on Monday, April 13th. They set a “buy” rating and a $6.00 target price 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 target for the company. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $5.25.

Tecogen Stock Performance

The company has a market cap of $135.24 million, a P/E ratio of -13.70 and a beta of 2.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.72 and a current ratio of 3.02. The company has a 50 day moving average of $5.47.

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

About Tecogen

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.