Fuel Tech (NASDAQ:FTEK) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Fuel Tech (NASDAQ:FTEK) in a report released on Friday. The firm set a “hold” rating on the industrial products company’s stock.

Fuel Tech Stock Down 1.0 %

Shares of Fuel Tech stock opened at $1.02 on Friday. Fuel Tech has a fifty-two week low of $0.91 and a fifty-two week high of $1.34. The business’s fifty day moving average is $1.01 and its two-hundred day moving average is $1.08. The firm has a market cap of $30.99 million, a PE ratio of -34.00 and a beta of 4.13.

Fuel Tech (NASDAQ:FTEK) last released its earnings results on Tuesday, August 6th. The industrial products company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. Fuel Tech had a negative return on equity of 0.50% and a negative net margin of 0.84%. The firm had revenue of $7.04 million for the quarter, compared to the consensus estimate of $5.81 million. During the same period in the prior year, the business posted ($0.03) earnings per share. Equities research analysts anticipate that Fuel Tech will post -0.02 EPS for the current year.

Hedge Funds Weigh In On Fuel Tech

A number of large investors have recently bought and sold shares of FTEK. Essex Investment Management Co. LLC increased its holdings in shares of Fuel Tech by 42.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 401,159 shares of the industrial products company’s stock worth $485,000 after buying an additional 119,763 shares during the last quarter. Marquette Asset Management LLC grew its position in Fuel Tech by 14.7% during the first quarter. Marquette Asset Management LLC now owns 141,189 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 18,133 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Fuel Tech by 5.4% during the second quarter. Renaissance Technologies LLC now owns 874,618 shares of the industrial products company’s stock worth $936,000 after acquiring an additional 44,512 shares during the last quarter. Hedge funds and other institutional investors own 20.94% of the company’s stock.

Fuel Tech Company Profile

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 Air Pollution Control Technology and FUEL CHEM Technology segments. 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; 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.