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Tecogen (OTCMKTS:TGEN) Stock Price Down 6.8% - Here's What Happened

Tecogen logo with Construction background

Tecogen Inc. (OTCMKTS:TGEN - Get Free Report) shares were down 6.8% during trading on Friday . The company traded as low as $5.65 and last traded at $5.76. Approximately 167,317 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 239,067 shares. The stock had previously closed at $6.18.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Tecogen from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st.

Check Out Our Latest Stock Report on TGEN

Tecogen Stock Down 7.1%

The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $149.09 million, a price-to-earnings ratio of -28.10 and a beta of 0.89. The business's fifty day moving average price is $3.75 and its 200 day moving average price is $2.72.

Tecogen (OTCMKTS:TGEN - Get Free Report) last released its earnings results on Monday, March 17th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $6.08 million during the quarter. Tecogen had a negative net margin of 24.15% and a negative return on equity of 42.06%.

Tecogen Company Profile

(Get Free Report)

Tecogen Inc, together with its subsidiaries, designs, manufactures, markets, and maintains ultra-clean cogeneration products for multi-family residential, commercial, recreational, and industrial use primarily in the United States. It operates through three segments: Products, Services, and Energy Production.

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