Tecogen (OTCMKTS:TGEN) Shares Up 5.1%

Tecogen Inc. (OTCMKTS:TGEN)’s share price shot up 5.1% on Wednesday . The stock traded as high as $1.97 and last traded at $1.84. 17,200 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 25,575 shares. The stock had previously closed at $1.75.

Separately, Zacks Investment Research raised shares of Tecogen from a “sell” rating to a “hold” rating in a research note on Tuesday, May 18th.

The stock has a market capitalization of $45.72 million, a PE ratio of -13.08 and a beta of 0.51. The firm’s 50 day moving average price is $1.70. The company has a quick ratio of 2.29, a current ratio of 3.24 and a debt-to-equity ratio of 0.10.

Tecogen (OTCMKTS:TGEN) last issued its quarterly earnings data on Thursday, May 13th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. The firm had revenue of $6.06 million during the quarter, compared to the consensus estimate of $7.13 million. Tecogen had a negative net margin of 12.07% and a negative return on equity of 14.04%. Equities research analysts expect that Tecogen Inc. will post -0.07 earnings per share for the current year.

Tecogen Company Profile (OTCMKTS:TGEN)

Tecogen Inc designs, manufactures, markets, and maintains industrial and commercial cogeneration systems that produce combinations of electricity, hot water, and air conditioning for residential, commercial, recreational, and industrial use in the United States and internationally. It operates in two segments, Products and Services, and Energy Production.

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