Fuel Tech (NASDAQ:FTEK - Get Free Report)'s stock had its "sell (d)" rating reiterated by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
Separately, Wall Street Zen upgraded Fuel Tech to a "hold" rating in a research report on Saturday, July 5th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $4.00.
Get Our Latest Stock Analysis on FTEK
Fuel Tech Price Performance
Shares of NASDAQ FTEK opened at $3.08 on Wednesday. Fuel Tech has a fifty-two week low of $0.87 and a fifty-two week high of $3.65. The business has a 50 day moving average price of $3.00 and a two-hundred day moving average price of $2.14. The firm has a market cap of $95.70 million, a PE ratio of -30.80 and a beta of 4.90.
Fuel Tech (NASDAQ:FTEK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.01. Fuel Tech had a negative return on equity of 7.70% and a negative net margin of 12.89%.The firm had revenue of $5.56 million during the quarter, compared to analyst estimates of $6.09 million. On average, analysts anticipate that Fuel Tech will post -0.03 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTEK. Millennium Management LLC boosted its position in Fuel Tech by 70.1% during the 4th quarter. Millennium Management LLC now owns 58,571 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 24,129 shares during the period. Grace & White Inc. NY boosted its position in Fuel Tech by 1.7% during the 1st quarter. Grace & White Inc. NY now owns 1,899,149 shares of the industrial products company's stock valued at $1,994,000 after purchasing an additional 31,022 shares during the period. Essex Investment Management Co. LLC boosted its position in Fuel Tech by 11.8% during the 1st quarter. Essex Investment Management Co. LLC now owns 124,241 shares of the industrial products company's stock valued at $130,000 after purchasing an additional 13,106 shares during the period. Geode Capital Management LLC boosted its position in Fuel Tech by 3.6% during the 2nd quarter. Geode Capital Management LLC now owns 517,658 shares of the industrial products company's stock valued at $1,305,000 after purchasing an additional 17,766 shares during the period. Finally, Corsair Capital Management L.P. acquired a new position in Fuel Tech during the 2nd quarter valued at approximately $25,000. Institutional investors and hedge funds own 20.94% of the company's stock.
About Fuel Tech
(
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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