Tecogen Inc. (OTCMKTS:TGEN – Get Free Report)’s share price fell 6.7% on Thursday. The stock traded as low as $2.63 and last traded at $2.65. Approximately 182,853 shares traded hands during trading, a decline of 53% from the average daily volume of 392,781 shares. The stock had previously closed at $2.84.
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 firm has a market capitalization of $80.00 million, a PE ratio of -12.62 and a beta of 2.16. The company has a 50-day moving average price of $3.28 and a 200-day moving average price of $4.07.
Hedge Funds Weigh In On Tecogen
Several institutional investors and hedge funds have recently modified their holdings of the company. Gratia Capital LLC acquired a new stake in Tecogen during the second quarter worth approximately $2,029,000. Renaissance Technologies LLC grew its holdings in Tecogen by 401.5% in the first quarter. Renaissance Technologies LLC now owns 272,300 shares of the company’s stock valued at $697,000 after purchasing an additional 218,000 shares during the period. Gabelli Funds LLC purchased a new stake in Tecogen in the first quarter valued at approximately $51,000. Dimensional Fund Advisors LP acquired a new position in Tecogen during the first quarter worth approximately $29,000. Finally, Citizens Financial Group Inc. RI acquired a new position in Tecogen during the first quarter worth approximately $26,000.
About Tecogen
Tecogen Inc develops, manufactures and services clean-energy equipment designed to improve energy efficiency and reduce emissions. The company’s primary products use natural-gas-fueled engines to generate electricity and capture usable heat, supporting combined heat and power applications for commercial, institutional and industrial customers.
Tecogen’s product offerings include cogeneration systems, natural-gas engine-driven chillers and related distributed-generation equipment. These systems are intended for facilities that require electricity, heating and cooling, and can help customers reduce reliance on conventional grid power while making use of recovered thermal energy.
In addition to equipment sales, Tecogen provides engineering, installation, maintenance and monitoring services.
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