Herald Investment Management Ltd Purchases Shares of 321,078 Tecogen Inc. $TGEN

Herald Investment Management Ltd purchased a new stake in Tecogen Inc. (OTCMKTS:TGEN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 321,078 shares of the company’s stock, valued at approximately $2,193,000. Herald Investment Management Ltd owned approximately 1.27% of Tecogen at the end of the most recent quarter.

Separately, PFG Investments LLC bought a new position in shares of Tecogen during the 2nd quarter worth about $425,000.

Wall Street Analysts Forecast Growth

TGEN has been the subject of a number of research analyst reports. Roth Capital assumed coverage on Tecogen in a research report on Monday, August 18th. They issued a “buy” rating and a $15.00 target price for the company. Zacks Research raised Tecogen to a “hold” rating in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Tecogen Stock Up 1.3%

Shares of OTCMKTS TGEN opened at $9.22 on Monday. The business has a 50-day moving average of $8.18 and a 200-day moving average of $5.86. The firm has a market capitalization of $273.75 million, a price-to-earnings ratio of -43.90 and a beta of 1.12. Tecogen Inc. has a 12 month low of $0.83 and a 12 month high of $11.55. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.03.

Tecogen Profile

Tecogen Inc, together with its subsidiaries, designs, manufactures, markets, and maintains ultra-clean cogeneration products for multi-family residential, commercial, recreational, and industrial use primarily in the United States. It operates through three segments: Products, Services, and Energy Production.