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

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

Fuel Tech Trading Down 1.2 %

Shares of NASDAQ FTEK opened at $0.93 on Friday. Fuel Tech has a twelve month low of $0.91 and a twelve month high of $1.34. The company has a market capitalization of $28.41 million, a price-to-earnings ratio of -46.25 and a beta of 4.07. The business has a 50 day simple moving average of $1.01 and a 200-day simple moving average of $1.02.

Institutional Investors Weigh In On Fuel Tech

A number of institutional investors have recently made changes to their positions in FTEK. Peapod Lane Capital LLC bought a new stake in shares of Fuel Tech in the 4th quarter valued at approximately $1,027,000. Virtu Financial LLC bought a new stake in shares of Fuel Tech in the 4th quarter valued at approximately $26,000. Renaissance Technologies LLC increased its holdings in shares of Fuel Tech by 15.3% in 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 acquiring an additional 138,169 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Fuel Tech in the 4th quarter valued at approximately $27,000. 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.