Tecogen (OTCMKTS:TGEN) Trading Down 5.6% – Here’s Why

Tecogen Inc. (OTCMKTS:TGEN) shares traded down 5.6% during mid-day trading on Wednesday . The company traded as low as $4.87 and last traded at $4.93. Approximately 199,186 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 489,790 shares. The stock had previously closed at $5.22.

Analyst Ratings Changes

Separately, Northland Securities set a $7.50 price objective on shares of Tecogen in a research note on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.25.

Tecogen Price Performance

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 company’s 50 day moving average price is $5.47 and its 200 day moving average price is $4.44. The firm has a market capitalization of $147.50 million, a P/E ratio of -23.48 and a beta of 2.09.

Institutional Investors Weigh In On Tecogen

Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC acquired a new stake in shares of Tecogen during the second quarter worth $971,000. Gamco Investors INC. ET AL bought a new position in Tecogen during the second quarter worth about $286,000. Vanguard Group Inc. grew its position in shares of Tecogen by 5.4% during the 3rd quarter. Vanguard Group Inc. now owns 870,440 shares of the company’s stock worth $7,669,000 after buying an additional 44,797 shares during the period. Evernest Financial Advisors LLC bought a new stake in shares of Tecogen in the 3rd quarter valued at about $301,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Tecogen in the 3rd quarter valued at about $834,000.

Tecogen Company Profile

Tecogen Inc designs, manufactures and sells on‐site power generation and combined heat and power (CHP) systems for commercial, industrial and institutional markets. The company’s natural gas–fueled cogeneration units produce electricity while capturing and reusing waste heat for space and water heating, providing enhanced energy efficiency over traditional utility‐supplied electrical systems. Tecogen’s portfolio also includes ultra‐low NOx emission technologies, absorption chillers and ancillary equipment tailored to meet the specific demands of manufacturing facilities, hospitals, universities and other energy‐intensive customers.

Central to Tecogen’s product lineup is its InVerde e+ series of cogeneration modules, which integrate internally developed low‐emission combustion systems with advanced controls to optimize performance and reliability.