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

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

Fuel Tech Trading Down 1.0 %

Fuel Tech stock opened at $1.02 on Friday. The firm has a market cap of $31.32 million, a price-to-earnings ratio of -102.00 and a beta of 4.13. The stock has a fifty day simple moving average of $1.02 and a two-hundred day simple moving average of $1.07. Fuel Tech has a 12 month low of $0.91 and a 12 month high of $1.34.

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

Institutional Trading of Fuel Tech

Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of Fuel Tech by 5.4% in the second quarter. Renaissance Technologies LLC now owns 874,618 shares of the industrial products company’s stock worth $936,000 after acquiring an additional 44,512 shares during the period. Essex Investment Management Co. LLC grew its holdings 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 purchasing an additional 119,763 shares during the period. 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 valued at $171,000 after purchasing an additional 18,133 shares during the period. Institutional investors 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.