Research analysts at StockNews.com started coverage on shares of Fuel Tech (NASDAQ:FTEK – Get Free Report) 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 – Get Free Report) 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
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.
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