Tecogen (NASDAQ:TGEN) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday, June 17th, ValuEngine reports.
Several other analysts have also issued reports on TGEN. Zacks Investment Research lowered Tecogen from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Maxim Group reaffirmed a “buy” rating and issued a $5.00 target price on shares of Tecogen in a research report on Thursday, March 28th. Finally, HC Wainwright reissued a “buy” rating and set a $6.00 price target on shares of Tecogen in a research report on Wednesday, May 15th.
NASDAQ TGEN opened at $3.66 on Monday. The company has a fifty day moving average price of $3.55. The firm has a market cap of $89.18 million, a PE ratio of -91.50 and a beta of 0.14. Tecogen has a 52 week low of $2.94 and a 52 week high of $4.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.53 and a quick ratio of 1.90.
A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in Tecogen by 7.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 54,549 shares of the construction company’s stock worth $198,000 after acquiring an additional 3,700 shares during the period. Thomson Horstmann & Bryant Inc. acquired a new position in Tecogen during the 4th quarter valued at about $1,178,000. Finally, THB Asset Management boosted its stake in Tecogen by 15.2% during the 1st quarter. THB Asset Management now owns 374,041 shares of the construction company’s stock valued at $1,492,000 after purchasing an additional 49,488 shares during the last quarter. 16.13% of the stock is owned by institutional investors and hedge funds.
Tecogen Inc designs, manufactures, and sells industrial and commercial cogeneration systems that produce combinations of electricity, hot water, and air conditioning in the United States and internationally. It operates through two segments, Products and Services and Energy Production. The company offers InVerde e+, a cogeneration product that provides electricity and hot water; TECOGEN cogeneration systems for producing hot water; TECOCHILL air-conditioning and refrigeration chillers; and water heaters under the Ilios brand name, as well as emissions control technology under Ultera brand name.
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Post time: Jun-26-2019