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

Investment analysts at StockNews.com began coverage on shares of Fuel Tech (NASDAQ:FTEKGet Free Report) in a report issued on Wednesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Fuel Tech Trading Down 1.5 %

NASDAQ FTEK opened at $0.99 on Wednesday. The stock has a fifty day simple moving average of $1.03 and a 200-day simple moving average of $1.02. The stock has a market cap of $30.25 million, a PE ratio of -49.26 and a beta of 4.10. Fuel Tech has a twelve month low of $0.91 and a twelve month high of $1.34.

Institutional Investors Weigh In On Fuel Tech

A hedge fund recently raised its stake in Fuel Tech stock. Renaissance Technologies LLC raised its position in Fuel Tech, Inc. (NASDAQ:FTEKFree Report) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 874,618 shares of the industrial products company’s stock after purchasing an additional 44,512 shares during the quarter. Renaissance Technologies LLC owned 2.88% of Fuel Tech worth $936,000 as of its most recent SEC filing. 20.94% of the stock is currently owned by institutional investors.

Fuel Tech Company Profile

(Get Free Report)

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.

Further Reading

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