Tecogen (NYSEAMERICAN:TGEN) Shares Down 8.3% – Time to Sell?

Tecogen Inc. (NYSEAMERICAN:TGEN) dropped 8.3% during mid-day trading on Thursday . The company traded as low as $4.36 and last traded at $4.52. Approximately 451,259 shares were traded during mid-day trading, an increase of 76% from the average daily volume of 256,072 shares. The stock had previously closed at $4.93.

Analyst Ratings Changes

Several research analysts have commented on TGEN shares. Craig Hallum began coverage on shares of Tecogen in a report on Monday, April 13th. They set a “buy” rating and a $6.00 price objective for the company. Northland Securities started coverage on Tecogen in a research report on Thursday, April 2nd. They issued an “outperform” rating and a $4.50 target price on the stock. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $5.25.

Tecogen Trading Down 8.3%

The company has a 50 day simple moving average of $5.47. 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 firm has a market capitalization of $135.24 million, a price-to-earnings ratio of -13.70 and a beta of 2.11.

Tecogen (NYSEAMERICAN:TGEN) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.07) EPS for the quarter. The business had revenue of $6.34 million during the quarter. Tecogen had a negative net margin of 37.15% and a negative return on equity of 45.67%. Analysts forecast that Tecogen Inc. will post -0.25 earnings per share for the current year.

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.