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

Research analysts at StockNews.com started coverage on shares of Fuel Tech (NASDAQ:FTEK) in a report issued on Thursday. The firm set a “hold” rating on the industrial products company’s stock.

Fuel Tech Price Performance

Shares of Fuel Tech stock opened at $1.02 on Thursday. Fuel Tech has a 1-year low of $0.91 and a 1-year high of $1.34. The business’s fifty day moving average price is $1.01 and its two-hundred day moving average price is $1.08. The company has a market capitalization of $30.84 million, a P/E ratio of -33.83 and a beta of 4.13.

Fuel Tech (NASDAQ:FTEK) last announced its earnings results on Tuesday, August 6th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Fuel Tech had a negative net margin of 0.84% and a negative return on equity of 0.50%. The firm had revenue of $7.04 million during the quarter, compared to analyst estimates of $5.81 million. During the same quarter in the prior year, the firm posted ($0.03) EPS. On average, research analysts expect that Fuel Tech will post -0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fuel Tech

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in shares of Fuel Tech by 5.4% during the 2nd quarter. Renaissance Technologies LLC now owns 874,618 shares of the industrial products company’s stock valued at $936,000 after purchasing an additional 44,512 shares during the period. Essex Investment Management Co. LLC boosted its stake in 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 buying an additional 119,763 shares in the last quarter. Finally, Marquette Asset Management LLC grew its holdings in 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 worth $171,000 after acquiring an additional 18,133 shares during the period. 20.94% of the stock is currently owned by institutional investors and hedge funds.

About Fuel Tech

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.