Tecogen (NYSEAMERICAN:TGEN) Trading Down 15.6% – Here’s Why

Tecogen Inc. (NYSEAMERICAN:TGEN)’s stock price fell 15.6% on Tuesday . The company traded as low as $5.35 and last traded at $5.36. 553,981 shares were traded during mid-day trading, a decline of 12% from the average session volume of 629,804 shares. The stock had previously closed at $6.35.

Analysts Set New Price Targets

A number of research firms recently weighed in on TGEN. Craig Hallum began coverage on shares of Tecogen in a research report on Monday, April 13th. They issued a “buy” rating and a $6.00 price objective on the stock. Northland Securities began coverage on shares of Tecogen in a research report on Thursday, April 2nd. They issued an “outperform” rating and a $4.50 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $5.25.

Tecogen Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 3.02 and a quick ratio of 1.72. The company has a 50-day moving average price of $4.01. The firm has a market cap of $165.16 million, a price-to-earnings ratio of -16.73 and a beta of 2.04.

Tecogen (NYSEAMERICAN:TGEN) last released its quarterly earnings data 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 business had revenue of $6.34 million during the quarter. As a group, equities analysts anticipate that Tecogen Inc. will post -0.25 earnings per share for the current year.

Insider Activity at Tecogen

In other Tecogen news, Director Susan B. Hirsch acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The shares were acquired at an average cost of $2.54 per share, for a total transaction of $25,400.00. Following the transaction, the director directly owned 260,416 shares of the company’s stock, valued at approximately $661,456.64. This represents a 3.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have bought 50,723 shares of company stock valued at $107,101. 12.70% of the stock is owned by insiders.

About Tecogen

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.