Fuel Tech (NASDAQ:FTEK) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Fuel Tech (NASDAQ:FTEK) in a report issued on Sunday morning. The firm issued a hold rating on the industrial products company’s stock.

Fuel Tech Stock Down 0.0 %

FTEK opened at $0.97 on Friday. Fuel Tech has a twelve month low of $0.91 and a twelve month high of $1.34. The company has a fifty day moving average of $1.00 and a 200-day moving average of $1.02. The stock has a market cap of $29.78 million, a PE ratio of -48.50 and a beta of 4.07.

Fuel Tech (NASDAQ:FTEK) last posted its quarterly earnings data on Tuesday, March 4th. The industrial products company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Fuel Tech had a negative return on equity of 1.37% and a negative net margin of 2.29%. The firm had revenue of $5.28 million for the quarter, compared to analyst estimates of $5.63 million. During the same quarter last year, the company earned ($0.02) earnings per share. Sell-side analysts anticipate that Fuel Tech will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Fuel Tech

Large investors have recently bought and sold shares of the stock. Peapod Lane Capital LLC acquired a new stake in Fuel Tech in the fourth quarter worth $1,027,000. Millennium Management LLC lifted its stake in shares of Fuel Tech by 70.1% in the fourth quarter. Millennium Management LLC now owns 58,571 shares of the industrial products company’s stock valued at $62,000 after buying an additional 24,129 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Fuel Tech in the fourth quarter valued at $27,000. Renaissance Technologies LLC lifted its stake in shares of Fuel Tech by 15.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,039,609 shares of the industrial products company’s stock valued at $1,092,000 after buying an additional 138,169 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Fuel Tech in the fourth quarter valued at $26,000. 20.94% of the stock is currently owned by institutional investors and hedge funds.

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.