Industrial Goods Bolstered by 7.14% Advance for Tecogen Inc. (TGEN) in Early Trading on January 2

Tecogen Inc. (TGEN) is one of the best performing stocks in the industrial goods sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on January 2. Shares of TGEN have climbed 7.14% about 30 minutes into the session to $4.2 after closing the day prior at $3.92. It’s early, but the stock has traded as high as $4.2 and as low as $3.95 so far. Today’s quick advance has come with about 11,391 shares changing hands, compared to an average 30-day volume of 6,228 for Tecogen Inc.. The price is currently below the 30-day volume weighted average price of $3.99 for TGEN.

The share appreciation gives the company a market capitalization of $83.91 million based upon 19.98 million shares outstanding. It also means that TGEN has a price-to-book ratio of 5.84:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of TGEN have traded as low as $2.8 and as high as $6.499. Technical traders will take note that at $4.2, shares of TGEN are trading below their 200-day MA at $4.42 and above their 50-day MA at $4.12. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is TGEN?

Tecogen Inc designs, manufactures, markets, & maintains ultra-clean cogeneration products including natural gas engine-driven combined heat and power, air conditioning systems, and water heaters for residential, commercial, recreational & industrial use. The company’s 76 employees are led by CEO John N. Hatsopoulos / Benjamin M. Locke from the corporate headquarters at 45 First Avenue.

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