Fuel Tech (NASDAQ:FTEK) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Fuel Tech (NASDAQ:FTEK) in a research note issued on Monday. The brokerage set a “hold” rating on the industrial products company’s stock.

Fuel Tech Stock Down 1.0 %

Shares of NASDAQ FTEK opened at $1.01 on Monday. The stock’s 50-day simple moving average is $1.04 and its two-hundred day simple moving average is $1.03. Fuel Tech has a twelve month low of $0.91 and a twelve month high of $1.34. The firm has a market capitalization of $31.02 million, a P/E ratio of -50.50 and a beta of 4.10.

Institutional Trading of Fuel Tech

An institutional investor recently raised its position in Fuel Tech stock. Renaissance Technologies LLC increased its holdings in Fuel Tech, Inc. (NASDAQ:FTEK) by 5.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 874,618 shares of the industrial products company’s stock after purchasing an additional 44,512 shares during the period. Renaissance Technologies LLC owned approximately 2.88% of Fuel Tech worth $936,000 as of its most recent SEC filing. 20.94% of the stock is owned by hedge funds and other institutional investors.

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.