Tecogen (OTCMKTS:TGEN) Trading Up 5.1%

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

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

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

Tecogen (OTCMKTS:TGEN) last announced its quarterly earnings results on Thursday, May 13th. The company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Tecogen had a negative net margin of 12.07% and a negative return on equity of 14.04%. The business had revenue of $6.06 million for the quarter, compared to analysts’ expectations of $7.13 million. As a group, research analysts forecast that Tecogen Inc. will post -0.07 EPS for the current fiscal year.

About Tecogen (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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