Charlest Maxwell Buys 25,000 Shares of Tecogen Inc. (TGEN) Stock
Tecogen Inc. (NASDAQ:TGEN) Director Charlest Maxwell bought 25,000 shares of the firm’s stock in a transaction on Friday, January 6th. The stock was purchased at an average price of $4.00 per share, with a total value of $100,000.00. Following the transaction, the director now owns 129,769 shares in the company, valued at approximately $519,076. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Charlest Maxwell also recently made the following trade(s):
- On Wednesday, January 4th, Charlest Maxwell bought 29,769 shares of Tecogen stock. The stock was purchased at an average price of $3.87 per share, with a total value of $115,206.03.
Tecogen Inc. (NASDAQ:TGEN) opened at 4.00 on Friday. The company’s market cap is $79.80 million. Tecogen Inc. has a 52-week low of $2.80 and a 52-week high of $6.50. The firm has a 50-day moving average of $4.01 and a 200 day moving average of $4.44.
Tecogen (NASDAQ:TGEN) last issued its quarterly earnings results on Thursday, November 10th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Tecogen had a negative net margin of 8.77% and a negative return on equity of 15.35%. The firm earned $6.62 million during the quarter, compared to the consensus estimate of $4.68 million. Equities research analysts expect that Tecogen Inc. will post ($0.06) earnings per share for the current fiscal year.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Tecogen from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research report on Wednesday, December 7th. Rodman & Renshaw assumed coverage on shares of Tecogen in a research report on Tuesday, October 4th. They issued a “buy” rating and a $6.00 target price for the company.
Tecogen Company Profile
Tecogen Inc designs, manufactures, sells and maintains cogeneration products, including combined heat and power (CHP), air conditioning systems and water heaters for residential, commercial, recreational and industrial use. The Company is engaged in the business of manufacturing and supporting CHP products based on engines fueled by natural gas.
Receive News & Ratings for Tecogen Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecogen Inc. and related companies with MarketBeat.com's FREE daily email newsletter.