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

Research analysts at StockNews.com started coverage on shares of Fuel Tech (NASDAQ:FTEK) in a report released on Tuesday. The firm set a “hold” rating on the industrial products company’s stock.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 target price on shares of Fuel Tech in a research report on Wednesday, March 13th.

Fuel Tech Stock Performance

Shares of NASDAQ:FTEK opened at $1.14 on Tuesday. The business has a 50-day moving average price of $1.15 and a 200 day moving average price of $1.09. The company has a market capitalization of $34.64 million, a price-to-earnings ratio of -22.80 and a beta of 4.34. Fuel Tech has a 12-month low of $0.96 and a 12-month high of $1.83.

Fuel Tech (NASDAQ:FTEK) last issued its quarterly earnings data on Monday, March 11th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $6.35 million during the quarter, compared to the consensus estimate of $6.90 million. Fuel Tech had a negative return on equity of 3.49% and a negative net margin of 5.68%. As a group, equities research analysts predict that Fuel Tech will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fuel Tech

Institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Fuel Tech in the 4th quarter valued at about $26,000. Jane Street Group LLC increased its holdings in Fuel Tech by 107.3% during the 3rd quarter. Jane Street Group LLC now owns 22,731 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 11,765 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in Fuel Tech during the 1st quarter worth about $32,000. Two Sigma Securities LLC acquired a new stake in Fuel Tech in the 2nd quarter valued at about $32,000. Finally, Virtu Financial LLC raised its position in Fuel Tech by 150.2% in the 4th 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 in the last quarter. 20.94% of the stock is owned by institutional investors and hedge funds.

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.