Fuel Tech (NASDAQ:FTEK – Get Free Report) issued its quarterly earnings results on Tuesday. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01), FiscalAI reports. Fuel Tech had a negative return on equity of 8.88% and a negative net margin of 12.75%. The firm had revenue of $8.68 million during the quarter, compared to analyst estimates of $7.70 million.
Fuel Tech Price Performance
NASDAQ:FTEK traded down $0.01 during trading hours on Tuesday, reaching $1.42. The company had a trading volume of 79,727 shares, compared to its average volume of 226,690. The firm has a market cap of $44.33 million, a PE ratio of -12.91 and a beta of 1.24. Fuel Tech has a 1-year low of $1.17 and a 1-year high of $2.61. The business’s 50 day moving average price is $1.57 and its 200-day moving average price is $1.48.
Analyst Ratings Changes
A number of research analysts have recently weighed in on FTEK shares. Weiss Ratings restated a “sell (d-)” rating on shares of Fuel Tech in a research report on Friday, September 11th. Wall Street Zen upgraded shares of Fuel Tech from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Zacks Research raised shares of Fuel Tech from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.
About Fuel Tech
Fuel Tech, Inc is a technology company that develops and commercializes solutions for air pollution control, combustion optimization, and fuel treatment. Its products and services are designed primarily for utility, industrial, and other large combustion facilities seeking to improve operating performance and reduce emissions.
The company’s air pollution control technologies focus on reducing nitrogen oxide emissions from boilers, furnaces, and other combustion equipment. Its offerings include selective and non-selective catalytic reduction systems, related reagent-injection technologies, engineering services, and software and controls used to monitor and optimize emissions-control processes.
Fuel Tech also provides fuel-treatment and combustion-enhancement technologies under its Fuel Chem business.
Further Reading
- Five stocks we like better than Fuel Tech
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
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.
