Tecogen (NYSEAMERICAN:TGEN) Stock Jumps 0.5% – What’s Next?

Tecogen Inc. (NYSEAMERICAN:TGEN) traded up 0.5% during mid-day trading on Tuesday. The company traded as high as $2.20 and last traded at $2.13. 57,292 shares traded hands during trading, a decline of 62% from the average daily volume of 148,932 shares. The stock had previously closed at $2.12.

Tecogen Stock Performance

The company has a quick ratio of 1.46, a current ratio of 2.93 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average price is $2.90 and its 200 day moving average price is $4.04.

Tecogen (NYSEAMERICAN:TGEN) last announced its earnings results on Wednesday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. Tecogen had a negative return on equity of 44.25% and a negative net margin of 42.28%. The firm had revenue of $5.75 million for the quarter. On average, sell-side analysts forecast that Tecogen Inc. will post -0.26 EPS for the current year.

Institutional Trading of Tecogen

Several hedge funds have recently modified their holdings of TGEN. Gratia Capital LLC bought a new stake in Tecogen during the 2nd quarter worth approximately $2,029,000. Renaissance Technologies LLC increased its holdings in Tecogen by 401.5% during the 1st 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 in the last quarter. Gabelli Funds LLC acquired a new stake in Tecogen during the 1st quarter valued at $51,000. Dimensional Fund Advisors LP bought a new position in Tecogen in the 1st quarter valued at $29,000. Finally, Citizens Financial Group Inc. RI bought a new position in Tecogen in the 1st quarter valued at $26,000.

Tecogen Company Profile

Tecogen Inc develops, manufactures, sells and services natural-gas-powered cogeneration systems and other clean-energy equipment. Its products are designed to generate electricity and useful thermal energy at the point of use, helping commercial, industrial and institutional customers improve energy efficiency and reduce dependence on conventional grid power.

The company’s product offerings include natural-gas engine-driven combined heat and power systems, engine-driven chillers and heat pumps, and related emissions-control technologies.