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

Equities researchers at StockNews.com started coverage on shares of Fuel Tech (NASDAQ:FTEKGet Rating) in a report issued on Saturday. The firm set a “hold” rating on the industrial products company’s stock.

Separately, TheStreet raised Fuel Tech from a “d” rating to a “c-” rating in a research note on Friday, November 11th.

Fuel Tech Stock Down 0.8 %

NASDAQ:FTEK opened at $1.24 on Friday. The stock’s 50-day simple moving average is $1.23 and its 200 day simple moving average is $1.26. The firm has a market capitalization of $37.57 million, a PE ratio of -31.00 and a beta of 4.38. Fuel Tech has a twelve month low of $1.02 and a twelve month high of $2.04.

Institutional Trading of Fuel Tech

A number of hedge funds have recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in shares of Fuel Tech by 107.3% during the third quarter. Jane Street Group LLC now owns 22,731 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 11,765 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Fuel Tech during the third quarter valued at about $343,000. Bank of America Corp DE boosted its stake in shares of Fuel Tech by 33.2% during the first quarter. Bank of America Corp DE now owns 67,609 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 16,851 shares in the last quarter. 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 purchasing an additional 33,691 shares in the last quarter. Finally, 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 purchasing an additional 61,300 shares in the last quarter. 16.28% of the stock is owned by institutional investors and hedge funds.

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.

Read More

Receive News & Ratings for Fuel Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fuel Tech and related companies with MarketBeat.com's FREE daily email newsletter.