Tecogen (NYSEAMERICAN:TGEN) Trading Down 5.3% – Should You Sell?

Shares of Tecogen Inc. (NYSEAMERICAN:TGEN) fell 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 were traded during 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

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

Tecogen Trading Down 5.3%

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 stock has a 50 day moving average price of $5.18. 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 posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. Tecogen had a negative net margin of 37.15% and a negative return on equity of 45.67%. The business had revenue of $6.34 million during the quarter. As a group, equities research analysts anticipate that Tecogen Inc. will post -0.25 earnings per share 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.