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

StockNews.com initiated coverage on shares of Fuel Tech (NASDAQ:FTEK) in a report published on Thursday morning. The firm issued a hold rating on the industrial products company’s stock.

Separately, HC Wainwright restated a buy rating and issued a $4.00 price target on shares of Fuel Tech in a report on Wednesday, March 13th.

Fuel Tech Stock Down 0.4 %

Shares of FTEK stock opened at $1.25 on Thursday. The firm has a market cap of $37.99 million, a price-to-earnings ratio of -25.00 and a beta of 4.21. Fuel Tech has a 52-week low of $0.96 and a 52-week high of $1.48. The company’s 50 day moving average is $1.17 and its 200 day moving average is $1.10.

Fuel Tech (NASDAQ:FTEK) last announced its quarterly earnings results on Monday, March 11th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $6.35 million for the quarter, compared to the consensus estimate of $6.90 million. Fuel Tech had a negative return on equity of 3.49% and a negative net margin of 5.68%. Analysts anticipate that Fuel Tech will post -0.03 EPS for the current fiscal year.

Institutional Trading of Fuel Tech

Institutional investors have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Fuel Tech in the fourth quarter valued at about $26,000. Essex Investment Management Co. LLC raised its position in shares of Fuel Tech by 42.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 401,159 shares of the industrial products company’s stock valued at $485,000 after purchasing an additional 119,763 shares during the last quarter. Acuitas Investments LLC raised its position in shares of Fuel Tech by 36.9% in the 4th quarter. Acuitas Investments LLC now owns 822,613 shares of the industrial products company’s stock valued at $864,000 after purchasing an additional 221,932 shares during the last quarter. Finally, Grace & White Inc. NY boosted its stake in Fuel Tech by 6.9% in the 4th quarter. Grace & White Inc. NY now owns 1,859,922 shares of the industrial products company’s stock worth $1,953,000 after purchasing an additional 120,527 shares in the last quarter. Institutional investors and hedge funds own 20.94% of the company’s stock.

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.