Fuel Tech (NASDAQ:FTEK) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Fuel Tech (NASDAQ:FTEK) in a report published on Tuesday morning. The brokerage issued a hold rating on the industrial products company’s stock.

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

Fuel Tech Stock Performance

Fuel Tech stock opened at $1.12 on Tuesday. Fuel Tech has a 1 year low of $0.96 and a 1 year high of $1.83. The company’s 50 day simple moving average is $1.15 and its 200-day simple moving average is $1.09. The company has a market capitalization of $34.03 million, a price-to-earnings ratio of -22.40 and a beta of 4.34.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Grace & White Inc. NY boosted its stake in Fuel Tech by 1.5% during the 3rd quarter. Grace & White Inc. NY now owns 1,739,395 shares of the industrial products company’s stock worth $2,052,000 after purchasing an additional 25,462 shares during the period. Renaissance Technologies LLC boosted its stake in Fuel Tech by 5.9% during the 4th quarter. Renaissance Technologies LLC now owns 822,587 shares of the industrial products company’s stock worth $1,049,000 after purchasing an additional 46,171 shares during the period. US Bancorp DE boosted its stake in Fuel Tech by 25.2% during the 1st quarter. US Bancorp DE now owns 304,776 shares of the industrial products company’s stock worth $442,000 after purchasing an additional 61,300 shares during the period. Advisor Group Holdings Inc. boosted its stake in Fuel Tech by 98.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 27,186 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 13,500 shares during the period. Finally, Bank of America Corp DE boosted its stake in Fuel Tech by 33.2% during the 1st quarter. Bank of America Corp DE now owns 67,609 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 16,851 shares during the period. Institutional investors and hedge funds 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.