Tecogen (NYSEAMERICAN:TGEN) Shares Down 6.2% – Time to Sell?

Tecogen Inc. (NYSEAMERICAN:TGEN) dropped 6.2% during trading on Wednesday . The company traded as low as $5.24 and last traded at $5.32. Approximately 240,010 shares were traded during trading, a decline of 62% from the average daily volume of 628,661 shares. The stock had previously closed at $5.67.

Analysts Set New Price Targets

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

Tecogen Price Performance

The company has a market cap of $159.17 million, a P/E ratio of -16.12 and a beta of 2.09. The stock has a 50-day simple moving average of $4.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.02 and a quick ratio of 1.72.

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

Insider Transactions at Tecogen

In related news, Director Susan B. Hirsch purchased 10,000 shares of the stock in a transaction that occurred on Friday, March 27th. The stock was bought at an average cost of $2.54 per share, for a total transaction of $25,400.00. Following the completion of the transaction, 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 at this link. Insiders acquired 50,723 shares of company stock valued at $107,101 in the last ninety days. 12.70% of the stock is owned by company insiders.

Tecogen Company Profile

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.