Fuel Tech (NASDAQ:FTEK) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of Fuel Tech (NASDAQ:FTEK) in a report issued on Wednesday. The firm set a “hold” rating on the industrial products company’s stock.

Separately, HC Wainwright restated a “buy” rating and issued a $4.00 target price on shares of Fuel Tech in a report on Wednesday, March 13th.

Fuel Tech Stock Performance

Fuel Tech stock opened at $1.15 on Wednesday. Fuel Tech has a 1 year low of $0.96 and a 1 year high of $1.48. The firm has a 50 day moving average price of $1.15 and a 200 day moving average price of $1.09. The company has a market cap of $34.95 million, a price-to-earnings ratio of -23.00 and a beta of 4.34.

Fuel Tech (NASDAQ:FTEK) last released its earnings results on Monday, March 11th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Fuel Tech had a negative net margin of 5.68% and a negative return on equity of 3.49%. The firm had revenue of $6.35 million during the quarter, compared to the consensus estimate of $6.90 million. Sell-side analysts predict that Fuel Tech will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Fuel Tech

Several institutional investors have recently bought and sold shares of the business. Acuitas Investments LLC grew its stake in Fuel Tech by 36.9% during the fourth quarter. Acuitas Investments LLC now owns 822,613 shares of the industrial products company’s stock worth $864,000 after buying an additional 221,932 shares during the period. Grace & White Inc. NY grew its stake in Fuel Tech by 6.9% during the fourth quarter. Grace & White Inc. NY now owns 1,859,922 shares of the industrial products company’s stock worth $1,953,000 after buying an additional 120,527 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Fuel Tech during the fourth quarter worth approximately $26,000. 20.94% of the stock is currently owned by hedge funds and other institutional investors.

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.