Tecogen (OTCMKTS:TGEN) Trading Down 1.4% – Should You Sell?

Shares of Tecogen Inc. (OTCMKTS:TGEN) traded down 1.4% during mid-day trading on Wednesday . The stock traded as low as $3.48 and last traded at $3.54. Approximately 226,589 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 466,397 shares. The stock had previously closed at $3.59.

Analyst Ratings Changes

Separately, Northland Securities set a $7.50 target price on Tecogen in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Tecogen currently has an average rating of “Moderate Buy” and an average target price of $11.25.

Tecogen Trading Down 5.3%

The company’s 50 day moving average price is $5.25 and its two-hundred day moving average price is $4.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.70. The stock has a market capitalization of $96.34 million, a PE ratio of -15.33 and a beta of 2.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TGEN. Gabelli Funds LLC acquired a new position in Tecogen during the first quarter worth $51,000. Dimensional Fund Advisors LP acquired a new stake in shares of Tecogen in the 1st quarter worth $29,000. Ark Wealth Advisors LLC acquired a new stake in shares of Tecogen in the 4th quarter worth $74,000. Commonwealth Equity Services LLC purchased a new position in shares of Tecogen during the 4th quarter worth $58,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Tecogen during the 3rd quarter worth $91,000.

About Tecogen

Tecogen Inc designs, manufactures and sells on‐site power generation and combined heat and power (CHP) systems for commercial, industrial and institutional markets. The company’s natural gas–fueled cogeneration units produce electricity while capturing and reusing waste heat for space and water heating, providing enhanced energy efficiency over traditional utility‐supplied electrical systems. Tecogen’s portfolio also includes ultra‐low NOx emission technologies, absorption chillers and ancillary equipment tailored to meet the specific demands of manufacturing facilities, hospitals, universities and other energy‐intensive customers.

Central to Tecogen’s product lineup is its InVerde e+ series of cogeneration modules, which integrate internally developed low‐emission combustion systems with advanced controls to optimize performance and reliability.