Fuel Tech (NASDAQ:FTEK) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com assumed 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 reissued a “buy” rating and set a $4.00 price target on shares of Fuel Tech in a report on Wednesday, March 13th.

Fuel Tech Price Performance

Shares of FTEK opened at $1.15 on Wednesday. Fuel Tech has a one year low of $0.96 and a one year high of $1.83. The firm has a market capitalization of $34.95 million, a P/E ratio of -23.00 and a beta of 4.34. The business has a fifty day moving average of $1.15 and a 200 day moving average of $1.09.

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

Institutional Trading of Fuel Tech

Several institutional investors have recently made changes to their positions in the business. Acuitas Investments LLC grew its position in shares of 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 purchasing an additional 221,932 shares in the last quarter. Grace & White Inc. NY grew its position in shares of 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 purchasing an additional 120,527 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Fuel Tech during the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 20.94% of the company’s stock.

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 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.