Tecogen (OTCMKTS:TGEN) Stock Price Down 6.7% – Time to Sell?

Tecogen Inc. (OTCMKTS:TGEN)’s share price fell 6.7% on Thursday. The company traded as low as $2.63 and last traded at $2.65. Approximately 182,853 shares were traded during mid-day trading, a decline of 53% from the average session volume of 392,781 shares. The stock had previously closed at $2.84.

Tecogen Stock Performance

The stock has a market cap of $80.00 million, a PE ratio of -12.62 and a beta of 2.16. 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 50-day simple moving average of $3.27 and a 200-day simple moving average of $4.06.

Institutional Trading of Tecogen

Institutional investors have recently modified their holdings of the company. Gratia Capital LLC acquired a new position in Tecogen during the second quarter valued at approximately $2,029,000. Renaissance Technologies LLC increased its position in shares of Tecogen by 401.5% in the first quarter. Renaissance Technologies LLC now owns 272,300 shares of the company’s stock worth $697,000 after acquiring an additional 218,000 shares in the last quarter. Gabelli Funds LLC acquired a new stake in shares of Tecogen in the first quarter worth $51,000. Dimensional Fund Advisors LP purchased a new position in shares of Tecogen in the 1st quarter valued at $29,000. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Tecogen in the 1st quarter valued at $26,000.

About Tecogen

Tecogen Inc develops, manufactures and services clean-energy equipment designed to improve energy efficiency and reduce emissions. The company’s primary products use natural-gas-fueled engines to generate electricity and capture usable heat, supporting combined heat and power applications for commercial, institutional and industrial customers.

Tecogen’s product offerings include cogeneration systems, natural-gas engine-driven chillers and related distributed-generation equipment. These systems are intended for facilities that require electricity, heating and cooling, and can help customers reduce reliance on conventional grid power while making use of recovered thermal energy.

In addition to equipment sales, Tecogen provides engineering, installation, maintenance and monitoring services.