Fuel Tech, Inc. (NASDAQ:FTEK - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.51 and traded as high as $3.22. Fuel Tech shares last traded at $2.94, with a volume of 2,281,409 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Fuel Tech to a "hold" rating in a report on Saturday, July 5th.
Get Our Latest Stock Analysis on FTEK
Fuel Tech Trading Down 4.2%
The stock has a 50 day moving average of $2.46 and a 200-day moving average of $1.54. The company has a market capitalization of $89.33 million, a P/E ratio of -28.75 and a beta of 4.63.
Fuel Tech (NASDAQ:FTEK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.01. The company had revenue of $5.56 million during the quarter, compared to the consensus estimate of $6.09 million. Fuel Tech had a negative return on equity of 7.70% and a negative net margin of 12.89%. As a group, sell-side analysts expect that Fuel Tech, Inc. will post -0.03 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in Fuel Tech in the 4th quarter worth approximately $27,000. Millennium Management LLC boosted its stake in Fuel Tech by 70.1% in the 4th quarter. Millennium Management LLC now owns 58,571 shares of the industrial products company's stock worth $62,000 after purchasing an additional 24,129 shares during the period. Essex Investment Management Co. LLC raised its holdings in shares of 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 worth $130,000 after acquiring an additional 13,106 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Fuel Tech by 15.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,039,609 shares of the industrial products company's stock worth $1,092,000 after acquiring an additional 138,169 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of 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 worth $1,305,000 after acquiring an additional 17,766 shares in the last quarter. 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.
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