Fuel Tech (NASDAQ:FTEK) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Fuel Tech (NASDAQ:FTEK – Get Rating) in a research note released on Monday morning. The firm issued a hold rating on the industrial products company’s stock.

Separately, TheStreet lowered Fuel Tech from a c- rating to a d rating in a report on Friday, March 18th.

Fuel Tech stock opened at $1.25 on Monday. Fuel Tech has a 12 month low of $1.02 and a 12 month high of $2.64. The business has a 50 day simple moving average of $1.28 and a 200-day simple moving average of $1.32. The stock has a market capitalization of $37.87 million, a PE ratio of -25.00 and a beta of 5.25.

Fuel Tech (NASDAQ:FTEK – Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Fuel Tech had a negative return on equity of 2.92% and a negative net margin of 5.42%. The company had revenue of $5.54 million for the quarter, compared to analysts’ expectations of $5.95 million. Sell-side analysts expect that Fuel Tech will post -0.09 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of FTEK. Grace & White Inc. NY grew its holdings in Fuel Tech by 10.7% in the first quarter. Grace & White Inc. NY now owns 1,713,933 shares of the industrial products company’s stock valued at $2,485,000 after purchasing an additional 165,844 shares during the last quarter. Marquette Asset Management LLC boosted its stake in shares of Fuel Tech by 131.2% during the first quarter. Marquette Asset Management LLC now owns 126,079 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 71,557 shares during the last quarter. US Bancorp DE boosted its stake in shares of Fuel Tech by 25.2% during the first quarter. US Bancorp DE now owns 304,776 shares of the industrial products company’s stock valued at $442,000 after acquiring an additional 61,300 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Fuel Tech by 54.2% during the fourth quarter. GSA Capital Partners LLP now owns 162,560 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 57,131 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Fuel Tech by 4.2% during the first quarter. Renaissance Technologies LLC now owns 841,016 shares of the industrial products company’s stock valued at $1,219,000 after acquiring an additional 33,691 shares during the last quarter. 18.69% of the stock is currently owned by institutional investors.

Fuel Tech Company Profile (Get Rating)

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. 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 by low and ultra-low NOx burners; over-fire air systems; 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; and burner systems.

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