Industrial Goods Sector Bolstered by 7.14% Midday Gain for Tecogen Inc. (TGEN) on January 2

Tecogen Inc. (TGEN) has lent support to NYSE and NASDAQ listed companies in the industrial goods sector by being one of the best performers during morning trading on January 2. At the lunch break, shares of TGEN have jumped 7.14% to $4.2 after closing the day prior at $3.92. In the first two and a half hours of trading, the stock has gone as high as $4.2 and as low as $3.95. Today’s rise 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.

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 in Waltham, MA.

For more information on TGEN and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Related