Fuel Tech, Inc. (NASDAQ:FTEK – Get Free Report) CEO Vincent J. Arnone purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of $1.04 per share, for a total transaction of $20,800.00. Following the purchase, the chief executive officer now directly owns 440,513 shares in the company, valued at $458,133.52. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Fuel Tech Trading Down 2.0 %
FTEK stock opened at $1.00 on Thursday. The stock has a market capitalization of $30.39 million, a PE ratio of -33.33 and a beta of 4.16. Fuel Tech, Inc. has a 12-month low of $0.91 and a 12-month high of $1.34. The stock’s 50 day simple moving average is $1.04 and its 200 day simple moving average is $1.12.
Fuel Tech (NASDAQ:FTEK – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $7.04 million for the quarter, compared to analysts’ expectations of $5.81 million. Fuel Tech had a negative return on equity of 1.92% and a negative net margin of 3.41%. During the same period in the prior year, the firm posted ($0.03) EPS. On average, research analysts predict that Fuel Tech, Inc. will post -0.02 earnings per share for the current year.
Hedge Funds Weigh In On Fuel Tech
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. HC Wainwright restated a “buy” rating and issued a $4.00 price target on shares of Fuel Tech in a research note on Thursday, May 9th. StockNews.com began coverage on Fuel Tech in a research report on Wednesday. They issued a “hold” rating on the stock.
Check Out Our Latest Research Report on Fuel Tech
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.
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