Tecogen (TGEN) Given a $6.00 Price Target by HC Wainwright Analysts
Several other analysts have also issued reports on TGEN. Zacks Investment Research lowered shares of Tecogen from a hold rating to a sell rating in a research report on Wednesday, October 11th. Maxim Group set a $6.00 price objective on shares of Tecogen and gave the stock a buy rating in a report on Wednesday, October 18th. Finally, TheStreet downgraded shares of Tecogen from a c- rating to a d+ rating in a report on Friday, November 10th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $13.69.
Shares of Tecogen (TGEN) traded down $0.34 on Thursday, hitting $2.52. 36,172 shares of the stock traded hands, compared to its average volume of 19,431. Tecogen has a 52 week low of $2.20 and a 52 week high of $4.35. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.09.
Tecogen (NASDAQ:TGEN) last posted its earnings results on Thursday, November 9th. The construction company reported $0.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.03. Tecogen had a negative net margin of 0.72% and a negative return on equity of 0.90%. The business had revenue of $8.50 million for the quarter, compared to analyst estimates of $9.29 million. equities research analysts forecast that Tecogen will post -0.01 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL lifted its position in shares of Tecogen by 61.3% in the second quarter. Gamco Investors INC. ET AL now owns 67,760 shares of the construction company’s stock worth $226,000 after purchasing an additional 25,760 shares in the last quarter. Vanguard Group Inc. bought a new stake in shares of Tecogen in the second quarter worth $1,174,000. Finally, Bard Associates Inc. lifted its position in shares of Tecogen by 0.7% in the second quarter. Bard Associates Inc. now owns 579,650 shares of the construction company’s stock worth $1,930,000 after purchasing an additional 4,200 shares in the last quarter. Hedge funds and other institutional investors own 9.87% of the company’s stock.
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.
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