Fuel Tech (NASDAQ:FTEK) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Fuel Tech (NASDAQ:FTEK) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the industrial products company’s stock.

Separately, HC Wainwright reiterated a “buy” rating and set a $4.00 price target on shares of Fuel Tech in a research report on Thursday, May 9th.

Fuel Tech Trading Down 1.4 %

NASDAQ FTEK opened at $1.06 on Friday. The firm has a market capitalization of $32.06 million, a price-to-earnings ratio of -35.17 and a beta of 4.16. The firm’s 50 day simple moving average is $1.15 and its 200 day simple moving average is $1.12. Fuel Tech has a 1 year low of $0.96 and a 1 year high of $1.35.

Fuel Tech (NASDAQ:FTEK) last posted its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $4.96 million for the quarter, compared to analyst estimates of $6.73 million. Fuel Tech had a negative net margin of 3.41% and a negative return on equity of 1.92%. On average, equities research analysts forecast that Fuel Tech will post -0.02 earnings per share for the current year.

Institutional Trading of Fuel Tech

Hedge funds have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Fuel Tech in the fourth quarter valued at approximately $26,000. Marquette Asset Management LLC raised its stake in shares of Fuel Tech by 14.7% during the first quarter. Marquette Asset Management LLC now owns 141,189 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 18,133 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Fuel Tech by 42.6% during the first quarter. Essex Investment Management Co. LLC now owns 401,159 shares of the industrial products company’s stock valued at $485,000 after acquiring an additional 119,763 shares during the last quarter. Acuitas Investments LLC raised its stake in shares of Fuel Tech by 36.9% during the fourth quarter. Acuitas Investments LLC now owns 822,613 shares of the industrial products company’s stock valued at $864,000 after acquiring an additional 221,932 shares during the last quarter. Finally, Grace & White Inc. NY raised its stake in shares of Fuel Tech by 6.9% during the fourth quarter. Grace & White Inc. NY now owns 1,859,922 shares of the industrial products company’s stock valued at $1,953,000 after acquiring an additional 120,527 shares during 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.