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

Stock analysts at StockNews.com began coverage on shares of Fuel Tech (NASDAQ:FTEK) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

FTEK has been the topic of several other research reports. TheStreet downgraded Fuel Tech from a “c-” rating to a “d+” rating in a research note on Thursday, August 10th. HC Wainwright reiterated a “buy” rating and set a $4.00 target price on shares of Fuel Tech in a report on Thursday, August 10th.

Fuel Tech Price Performance

Shares of Fuel Tech stock opened at $1.07 on Thursday. The business has a 50-day simple moving average of $1.09 and a 200 day simple moving average of $1.20. The firm has a market capitalization of $32.52 million, a price-to-earnings ratio of -26.75 and a beta of 4.27. Fuel Tech has a one year low of $0.96 and a one year high of $1.83.

Hedge Funds Weigh In On Fuel Tech

Large investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its holdings 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 during the last quarter. Two Sigma Securities LLC purchased a new position in shares of Fuel Tech during the second quarter valued at approximately $32,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Fuel Tech during the first quarter valued at approximately $32,000. Virtu Financial LLC lifted its holdings in shares of Fuel Tech by 150.2% during the fourth quarter. Virtu Financial LLC now owns 26,898 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 16,147 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of Fuel Tech by 98.6% during the first quarter. Advisor Group Holdings Inc. now owns 27,186 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 13,500 shares during the last quarter. 20.14% of the stock is currently owned by hedge funds and other institutional investors.

Fuel Tech Company Profile

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 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; 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.