Fuel Tech (NASDAQ:FTEK) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Fuel Tech, Inc. (NASDAQ:FTEK) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.45 and traded as high as $1.5599. Fuel Tech shares last traded at $1.44, with a volume of 112,330 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FTEK shares. Zacks Research downgraded shares of Fuel Tech from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Wall Street Zen cut shares of Fuel Tech from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised shares of Fuel Tech from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Fuel Tech Trading Down 2.4%

The stock has a market capitalization of $43.89 million, a P/E ratio of -12.78 and a beta of 1.29. The stock has a 50 day moving average of $1.60 and a 200-day moving average of $1.45.

Fuel Tech (NASDAQ:FTEK) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Fuel Tech had a negative net margin of 12.75% and a negative return on equity of 8.88%. The business had revenue of $6.49 million during the quarter, compared to the consensus estimate of $6.58 million. Research analysts anticipate that Fuel Tech, Inc. will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC grew its stake in Fuel Tech by 44.2% in the 3rd quarter. Advisory Services Network LLC now owns 21,627 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 6,627 shares in the last quarter. State Street Corp raised its stake in shares of Fuel Tech by 7.1% during the fourth quarter. State Street Corp now owns 121,846 shares of the industrial products company’s stock valued at $190,000 after acquiring an additional 8,100 shares in the last quarter. Group One Trading LLC raised its stake in shares of Fuel Tech by 26.1% during the fourth quarter. Group One Trading LLC now owns 42,509 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 8,803 shares in the last quarter. Prelude Capital Management LLC purchased a new stake in shares of Fuel Tech in the third quarter valued at approximately $40,000. Finally, Virtu Financial LLC purchased a new stake in shares of Fuel Tech in the fourth quarter valued at approximately $27,000. 20.94% of the stock is currently owned by institutional investors.

Fuel Tech Company Profile

Fuel Tech, Inc (NASDAQ: FTEK) is a specialty technology and engineering company focused on developing and supplying clean air solutions for the power generation and industrial markets. The company designs, manufactures and markets proprietary chemical reagents and process control systems that help customers reduce emissions of nitrogen oxides (NOx), mercury and other air pollutants. Its technology platform combines advanced process modeling, plant optimization software and field testing services to help utilities and industrial facilities comply with environmental regulations and improve operational efficiency.

Fuel Tech’s core product lines include selective catalytic reduction (SCR) optimization systems, activated carbon injection solutions for mercury capture, and sorbent enhancement additives for flue gas desulfurization processes.