Fuel Tech (NASDAQ:FTEK) Announces Quarterly Earnings Results

Fuel Tech (NASDAQ:FTEK) posted its earnings results on Tuesday. The industrial products company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01), FiscalAI reports. Fuel Tech had a negative return on equity of 10.49% and a negative net margin of 14.22%. The company had revenue of $8.68 million for the quarter, compared to analyst estimates of $7.70 million.

Fuel Tech Stock Down 8.0%

Shares of FTEK stock traded down $0.12 during trading hours on Thursday, reaching $1.32. 161,763 shares of the company’s stock were exchanged, compared to its average volume of 226,046. Fuel Tech has a fifty-two week low of $1.17 and a fifty-two week high of $2.40. The stock has a market capitalization of $41.37 million, a P/E ratio of -10.19 and a beta of 1.24. The business has a fifty day moving average price of $1.57 and a 200-day moving average price of $1.48.

Analyst Ratings Changes

FTEK has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Fuel Tech in a report on Friday, September 11th. Zacks Research raised Fuel Tech from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Wall Street Zen upgraded Fuel Tech from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

About Fuel Tech

Fuel Tech, Inc is a technology company that develops and commercializes solutions for air pollution control, combustion optimization, and fuel treatment. Its products and services are designed primarily for utility, industrial, and other large combustion facilities seeking to improve operating performance and reduce emissions.

The company’s air pollution control technologies focus on reducing nitrogen oxide emissions from boilers, furnaces, and other combustion equipment. Its offerings include selective and non-selective catalytic reduction systems, related reagent-injection technologies, engineering services, and software and controls used to monitor and optimize emissions-control processes.

Fuel Tech also provides fuel-treatment and combustion-enhancement technologies under its Fuel Chem business.