Other equities analysts also recently issued research reports about the stock. HC Wainwright set a $6.00 target price on shares of Tecogen and gave the company a buy rating in a research note on Thursday, October 19th. Maxim Group set a $6.00 target price on shares of Tecogen and gave the company a buy rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research upgraded shares of Tecogen from a sell rating to a buy rating and set a $3.25 price target on the stock in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $13.81.
Shares of Tecogen (TGEN) traded up $0.21 during midday trading on Friday, hitting $2.53. 109,300 shares of the company’s stock were exchanged, compared to its average volume of 18,779. Tecogen has a fifty-two week low of $2.20 and a fifty-two week high of $4.58. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.09.
Tecogen (NASDAQ:TGEN) last announced its earnings results on Thursday, November 9th. The construction company reported $0.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.03. Tecogen had a negative net margin of 0.72% and a negative return on equity of 0.90%. The business had revenue of $8.50 million during the quarter, compared to the consensus estimate of $9.29 million. sell-side analysts anticipate that Tecogen will post -0.07 EPS for the current year.
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Several large investors have recently bought and sold shares of TGEN. Gamco Investors INC. ET AL grew its holdings in shares of Tecogen by 61.3% during the second quarter. Gamco Investors INC. ET AL now owns 67,760 shares of the construction company’s stock valued at $226,000 after buying an additional 25,760 shares during the last quarter. Vanguard Group Inc. purchased a new stake in shares of Tecogen during the second quarter valued at approximately $1,174,000. Bard Associates Inc. grew its holdings in shares of Tecogen by 0.7% during the second quarter. Bard Associates Inc. now owns 579,650 shares of the construction company’s stock valued at $1,930,000 after buying an additional 4,200 shares during the last quarter. Finally, Clear Harbor Asset Management LLC grew its holdings in shares of Tecogen by 2.3% during the second quarter. Clear Harbor Asset Management LLC now owns 671,257 shares of the construction company’s stock valued at $2,195,000 after buying an additional 14,959 shares during the last quarter. Hedge funds and other institutional investors own 9.02% of the company’s stock.
Tecogen Inc designs, manufactures, sells and maintains cogeneration products, including combined heat and power (CHP), air conditioning systems and water heaters for residential, commercial, recreational and industrial use. The Company is engaged in the business of manufacturing and supporting CHP products based on engines fueled by natural gas.
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