Tecogen (NYSEAMERICAN:TGEN) Shares Down 6.2% – What’s Next?

Tecogen Inc. (NYSEAMERICAN:TGENGet Free Report) traded down 6.2% on Wednesday . The stock traded as low as $5.24 and last traded at $5.32. 240,010 shares changed hands during trading, a decline of 62% from the average session volume of 628,661 shares. The stock had previously closed at $5.67.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on Tecogen

Tecogen Stock Up 0.4%

The business has a 50 day moving average price of $4.91. The company has a quick ratio of 1.72, a current ratio of 3.02 and a debt-to-equity ratio of 0.06.

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

Insider Transactions at Tecogen

In other news, Director Susan B. Hirsch bought 10,000 shares of the business’s stock in a transaction on Friday, March 27th. The stock was acquired at an average price of $2.54 per share, with a total value of $25,400.00. Following the completion of the purchase, the director directly owned 260,416 shares in the company, valued at $661,456.64. This represents a 3.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders purchased a total of 50,723 shares of company stock valued at $107,101 over the last ninety days. 12.70% of the stock is owned by corporate insiders.

Tecogen Company Profile

(Get Free Report)

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.

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