Fuel Tech (NASDAQ:FTEK) Announces Earnings Results

Fuel Tech (NASDAQ:FTEK) issued its quarterly earnings results on Tuesday. The industrial products company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01), FiscalAI reports. The firm had revenue of $8.68 million during the quarter, compared to the consensus estimate of $7.70 million. Fuel Tech had a negative net margin of 12.75% and a negative return on equity of 8.88%.

Fuel Tech Trading Down 0.4%

Fuel Tech stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.42. The stock had a trading volume of 78,977 shares, compared to its average volume of 226,690. The stock has a 50-day simple moving average of $1.57 and a two-hundred day simple moving average of $1.48. The stock has a market capitalization of $44.33 million, a PE ratio of -12.91 and a beta of 1.24. Fuel Tech has a 12 month low of $1.17 and a 12 month high of $2.61.

Analysts Set New Price Targets

Several brokerages recently commented on FTEK. Zacks Research raised Fuel Tech from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Wall Street Zen upgraded Fuel Tech from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fuel Tech in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

About Fuel Tech

Fuel Tech, Inc is a technology company that develops and commercializes solutions for air pollution control, combustion optimization, and fuel treatment. Its products and services are designed primarily for utility, industrial, and other large combustion facilities seeking to improve operating performance and reduce emissions.

The company’s air pollution control technologies focus on reducing nitrogen oxide emissions from boilers, furnaces, and other combustion equipment. Its offerings include selective and non-selective catalytic reduction systems, related reagent-injection technologies, engineering services, and software and controls used to monitor and optimize emissions-control processes.

Fuel Tech also provides fuel-treatment and combustion-enhancement technologies under its Fuel Chem business.