Fuel Tech (NASDAQ:FTEK) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Fuel Tech (NASDAQ:FTEKFree Report) in a research note issued to investors on Saturday morning. The firm issued a hold rating on the industrial products company’s stock.

Fuel Tech Stock Performance

FTEK stock opened at $1.02 on Friday. Fuel Tech has a one year low of $0.96 and a one year high of $1.83. The stock has a market capitalization of $31.00 million, a PE ratio of -25.50 and a beta of 4.27. The company has a fifty day moving average of $1.05 and a 200-day moving average of $1.10.

Fuel Tech (NASDAQ:FTEKGet Free Report) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.01 EPS for the quarter. The company had revenue of $7.99 million for the quarter, compared to analyst estimates of $7.71 million. Fuel Tech had a negative net margin of 5.05% and a negative return on equity of 3.16%. Equities analysts forecast that Fuel Tech will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fuel Tech

A number of large investors have recently bought and sold shares of FTEK. Grace & White Inc. NY raised its stake in Fuel Tech by 1.5% during the third quarter. Grace & White Inc. NY now owns 1,739,395 shares of the industrial products company’s stock worth $2,052,000 after purchasing an additional 25,462 shares during the period. Two Sigma Securities LLC purchased a new position in Fuel Tech during the second quarter worth approximately $32,000. Renaissance Technologies LLC raised its stake in Fuel Tech by 5.1% during the first quarter. Renaissance Technologies LLC now owns 864,944 shares of the industrial products company’s stock worth $1,107,000 after purchasing an additional 42,357 shares during the period. Charles Schwab Investment Management Inc. purchased a new position in Fuel Tech during the first quarter worth approximately $32,000. Finally, Virtu Financial LLC raised its stake in Fuel Tech by 150.2% during the fourth quarter. Virtu Financial LLC now owns 26,898 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 16,147 shares during the period. Institutional investors and hedge funds own 20.14% of the company’s stock.

Fuel Tech Company Profile

(Get Free Report)

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems.

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