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

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

Fuel Tech Price Performance

Fuel Tech stock opened at $0.94 on Friday. The stock’s fifty day moving average price is $1.01 and its two-hundred day moving average price is $1.02. Fuel Tech has a one year low of $0.91 and a one year high of $1.34. The firm has a market cap of $28.74 million, a PE ratio of -46.80 and a beta of 4.07.

Institutional Investors Weigh In On Fuel Tech

A number of large investors have recently modified their holdings of the business. XTX Topco Ltd acquired a new stake in shares of Fuel Tech in the 4th quarter valued at $27,000. Renaissance Technologies LLC boosted its holdings in shares of Fuel Tech by 15.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,039,609 shares of the industrial products company’s stock valued at $1,092,000 after purchasing an additional 138,169 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Fuel Tech in the 4th quarter valued at $26,000. Finally, Peapod Lane Capital LLC acquired a new stake in shares of Fuel Tech in the 4th quarter valued at $1,027,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

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.