Tecogen (OTCMKTS:TGEN) Stock Price Down 6.7% – Should You Sell?

Tecogen Inc. (OTCMKTS:TGEN)’s share price was down 6.7% during trading on Thursday. The company traded as low as $2.63 and last traded at $2.65. Approximately 182,853 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 392,781 shares. The stock had previously closed at $2.84.

Tecogen Stock Down 6.7%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.70 and a current ratio of 1.53. The company has a market capitalization of $80.00 million, a PE ratio of -12.62 and a beta of 2.16. The firm’s 50-day simple moving average is $3.28 and its 200 day simple moving average is $4.07.

Institutional Trading of Tecogen

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Shikiar Asset Management Inc. boosted its position in Tecogen by 32.7% during the first quarter. Shikiar Asset Management Inc. now owns 17,650 shares of the company’s stock worth $45,000 after purchasing an additional 4,350 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new position in shares of Tecogen in the first quarter valued at $26,000. Dimensional Fund Advisors LP purchased a new position in shares of Tecogen in the first quarter valued at $29,000. Gabelli Funds LLC acquired a new position in shares of Tecogen during the 1st quarter worth $51,000. Finally, Renaissance Technologies LLC boosted its position in shares of Tecogen by 401.5% in the 1st quarter. Renaissance Technologies LLC now owns 272,300 shares of the company’s stock worth $697,000 after buying an additional 218,000 shares in the last quarter.

About Tecogen

Tecogen Inc develops, manufactures and services clean-energy equipment designed to improve energy efficiency and reduce emissions. The company’s primary products use natural-gas-fueled engines to generate electricity and capture usable heat, supporting combined heat and power applications for commercial, institutional and industrial customers.

Tecogen’s product offerings include cogeneration systems, natural-gas engine-driven chillers and related distributed-generation equipment. These systems are intended for facilities that require electricity, heating and cooling, and can help customers reduce reliance on conventional grid power while making use of recovered thermal energy.

In addition to equipment sales, Tecogen provides engineering, installation, maintenance and monitoring services.