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

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

Fuel Tech Stock Performance

FTEK opened at $1.03 on Friday. Fuel Tech has a 1-year low of $0.91 and a 1-year high of $1.34. The company has a 50-day moving average of $1.01 and a 200-day moving average of $1.02. The company has a market capitalization of $31.63 million, a P/E ratio of -51.50 and a beta of 4.07.

Institutional Investors Weigh In On Fuel Tech

A number of institutional investors have recently modified their holdings of FTEK. Virtu Financial LLC bought a new stake in shares of Fuel Tech during the 4th quarter valued at about $26,000. XTX Topco Ltd bought a new stake in shares of Fuel Tech during the 4th quarter valued at about $27,000. Millennium Management LLC grew its position in shares of Fuel Tech by 70.1% during the 4th quarter. Millennium Management LLC now owns 58,571 shares of the industrial products company’s stock valued at $62,000 after buying an additional 24,129 shares during the last quarter. Peapod Lane Capital LLC bought a new stake in shares of Fuel Tech during the 4th quarter valued at about $1,027,000. Finally, Renaissance Technologies LLC grew its position in shares of Fuel Tech by 15.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,039,609 shares of the industrial products company’s stock valued at $1,092,000 after buying an additional 138,169 shares during the last quarter. Institutional investors own 20.94% of the company’s stock.

About Fuel Tech

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.