Tecogen (NYSEAMERICAN:TGEN) Trading Up 2.6% – Time to Buy?

Tecogen Inc. (NYSEAMERICAN:TGEN) shot up 2.6% during mid-day trading on Friday . The company traded as high as $3.19 and last traded at $3.13. 157,931 shares traded hands during trading, a decline of 21% from the average session volume of 200,191 shares. The stock had previously closed at $3.05.

Tecogen Stock Performance

The firm has a market cap of $94.49 million, a P/E ratio of -9.21 and a beta of 2.16. The company has a current ratio of 2.93, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $3.69.

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

Tecogen Company Profile

Tecogen Inc is a developer and manufacturer of commercial and industrial distributed energy equipment that uses natural gas-fueled internal combustion engine technology to produce heat and power. The company’s product suite centers on combined heat and power (CHP) systems that recover waste heat from on-site power generation to provide space and water heating and, in some configurations, cooling. Tecogen’s offerings are designed to improve on-site energy efficiency while reducing operating costs and emissions relative to separate purchases of electricity and fuel.

In addition to CHP units, Tecogen provides auxiliary equipment and services that support distributed generation installations, including heat recovery components, controls and monitoring systems, emissions reduction technologies, and aftermarket parts and maintenance.