Shares of Tecogen Inc. (OTCMKTS:TGEN – Get Free Report) dropped 2.8% during trading on Wednesday . The stock traded as low as $0.66 and last traded at $0.66. Approximately 173 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 16,711 shares. The stock had previously closed at $0.68.
Analyst Ratings Changes
Separately, Benchmark downgraded shares of Tecogen from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th.
Get Our Latest Stock Report on Tecogen
Tecogen Stock Down 7.3 %
Tecogen (OTCMKTS:TGEN – Get Free Report) last posted its earnings results on Wednesday, March 13th. The company reported ($0.07) EPS for the quarter. The business had revenue of $5.90 million for the quarter, compared to analysts’ expectations of $7.31 million. Tecogen had a negative net margin of 18.29% and a negative return on equity of 28.09%.
About Tecogen
Tecogen Inc, together with its subsidiaries, designs, manufactures, markets, and maintains ultra-clean cogeneration products for multi-family residential, commercial, recreational and industrial use in the United States and internationally. It operates through three segments: Products, Services, and Energy Production.
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