Fuel Tech (NASDAQ:FTEK) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Fuel Tech shares crossed above their 200-day moving average, trading as high as $1.78 and last changing hands at $1.75, compared with a 200-day average of $1.47.
• Analyst sentiment remains weak: two analysts rate the stock “Sell,” while MarketBeat lists an average rating of “Sell”; ratings include a downgrade to “Strong Sell” and a reissued “Sell” rating.
• Fuel Tech reported a quarterly loss of $0.04 per share, missing the $0.02 consensus estimate, while revenue of $6.49 million also fell short of expectations.

Shares of Fuel Tech, Inc. (NASDAQ:FTEK - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.47 and traded as high as $1.78. Fuel Tech shares last traded at $1.75, with a volume of 388,256 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FTEK. Wall Street Zen upgraded Fuel Tech from a "sell" rating to a "hold" rating in a research note on Saturday, September 5th. Zacks Research downgraded Fuel Tech from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Fuel Tech in a report on Friday. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of "Sell".

Fuel Tech Stock Up 1.2%

The firm has a market cap of $54.63 million, a PE ratio of -15.91 and a beta of 1.30. The firm's fifty day simple moving average is $1.51 and its two-hundred day simple moving average is $1.47.

Fuel Tech (NASDAQ:FTEK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The firm had revenue of $6.49 million during the quarter, compared to the consensus estimate of $6.58 million. Fuel Tech had a negative return on equity of 8.88% and a negative net margin of 12.75%. As a group, analysts anticipate that Fuel Tech, Inc. will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Grace & White Inc. NY increased its stake in Fuel Tech by 3.7% in the 1st quarter. Grace & White Inc. NY now owns 1,541,307 shares of the industrial products company's stock worth $1,880,000 after buying an additional 55,424 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Fuel Tech by 22.6% in the first quarter. Renaissance Technologies LLC now owns 1,407,806 shares of the industrial products company's stock valued at $1,718,000 after acquiring an additional 259,811 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Fuel Tech in the second quarter valued at about $1,097,000. GSA Capital Partners LLP bought a new position in shares of Fuel Tech in the second quarter worth about $652,000. Finally, Marquette Asset Management LLC bought a new position in shares of Fuel Tech in the second quarter worth about $244,000. Institutional investors own 20.94% of the company's stock.

About Fuel Tech

Fuel Tech, Inc NASDAQ: FTEK is a specialty technology and engineering company focused on developing and supplying clean air solutions for the power generation and industrial markets. The company designs, manufactures and markets proprietary chemical reagents and process control systems that help customers reduce emissions of nitrogen oxides (NOx), mercury and other air pollutants. Its technology platform combines advanced process modeling, plant optimization software and field testing services to help utilities and industrial facilities comply with environmental regulations and improve operational efficiency.

Fuel Tech's core product lines include selective catalytic reduction (SCR) optimization systems, activated carbon injection solutions for mercury capture, and sorbent enhancement additives for flue gas desulfurization processes.

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