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

StockNews.com assumed coverage on shares of Fuel Tech (NASDAQ:FTEK) in a research note issued to investors on Friday. The firm issued a hold rating on the industrial products company’s stock.

Fuel Tech Price Performance

FTEK stock opened at $0.93 on Friday. Fuel Tech has a 1-year low of $0.91 and a 1-year high of $1.34. The business has a 50 day simple moving average of $1.01 and a two-hundred day simple moving average of $1.02. The company has a market capitalization of $28.41 million, a price-to-earnings ratio of -46.25 and a beta of 4.07.

Institutional Trading of Fuel Tech

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Peapod Lane Capital LLC purchased a new position in shares of Fuel Tech during the fourth quarter valued at about $1,027,000. Renaissance Technologies LLC grew its holdings in Fuel Tech by 15.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,039,609 shares of the industrial products company’s stock valued at $1,092,000 after buying an additional 138,169 shares in the last quarter. XTX Topco Ltd bought a new stake in Fuel Tech in the 4th quarter worth approximately $27,000. Finally, Virtu Financial LLC purchased a new stake in shares of Fuel Tech during the 4th quarter worth approximately $26,000. 20.94% of the stock is currently owned by institutional investors.

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.