Fuel Tech (NASDAQ:FTEK) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Fuel Tech, Inc. (NASDAQ:FTEK)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.46 and traded as high as $1.55. Fuel Tech shares last traded at $1.53, with a volume of 31,542 shares traded.

Analyst Ratings Changes

FTEK has been the topic of several recent research reports. Weiss Ratings upgraded shares of Fuel Tech from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. Zacks Research upgraded shares of Fuel Tech from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Wall Street Zen downgraded Fuel Tech from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Fuel Tech has a consensus rating of “Reduce”.

Fuel Tech Stock Up 3.2%

The stock has a fifty day simple moving average of $1.60 and a 200-day simple moving average of $1.46. The company has a market capitalization of $49.87 million, a P/E ratio of -17.78 and a beta of 1.24.

Fuel Tech (NASDAQ:FTEK) last posted its earnings results on Tuesday, May 5th. The industrial products company reported ($0.04) earnings per share for the quarter. Fuel Tech had a negative return on equity of 7.34% and a negative net margin of 11.15%.The firm had revenue of $6.08 million during the quarter, compared to the consensus estimate of $7.62 million. Analysts predict that Fuel Tech, Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fuel Tech

A number of large investors have recently bought and sold shares of FTEK. Virtu Financial LLC acquired a new stake in Fuel Tech during the 4th quarter valued at $27,000. Prelude Capital Management LLC acquired a new position in Fuel Tech in the third quarter worth $40,000. NewEdge Advisors LLC grew its holdings in shares of Fuel Tech by 35,206.0% during the third quarter. NewEdge Advisors LLC now owns 17,653 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 17,603 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Fuel Tech during the second quarter worth $63,000. Finally, Advisory Services Network LLC increased its stake in shares of Fuel Tech by 44.2% in the third quarter. Advisory Services Network LLC now owns 21,627 shares of the industrial products company’s stock valued at $65,000 after buying an additional 6,627 shares in the last quarter. 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.