Research analysts at StockNews.com started coverage on shares of Fuel Tech (NASDAQ:FTEK – Get Free Report) 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 – Get Free Report) 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
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.
See Also
- Five stocks we like better than Fuel Tech
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- How to Use the MarketBeat Dividend Calculator
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Insider Trading – What You Need to Know
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Fuel Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fuel Tech and related companies with MarketBeat.com's FREE daily email newsletter.