Fuel Tech (NASDAQ:FTEK) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Fuel Tech (NASDAQ:FTEK) in a research note issued to investors on Thursday. The firm issued a hold rating on the industrial products company’s stock.

Separately, HC Wainwright reaffirmed a buy rating and set a $4.00 price target on shares of Fuel Tech in a report on Thursday, May 9th.

Fuel Tech Price Performance

Shares of NASDAQ:FTEK opened at $1.07 on Thursday. The firm has a market capitalization of $32.52 million, a PE ratio of -35.67 and a beta of 4.06. Fuel Tech has a 12 month low of $0.96 and a 12 month high of $1.35. The business has a 50-day moving average of $1.15 and a two-hundred day moving average of $1.12.

Fuel Tech (NASDAQ:FTEK) last released its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $4.96 million for the quarter, compared to analysts’ expectations of $6.73 million. Fuel Tech had a negative return on equity of 1.92% and a negative net margin of 3.41%. As a group, research analysts anticipate that Fuel Tech will post -0.02 earnings per share for the current year.

Institutional Trading of Fuel Tech

A number of institutional investors have recently made changes to their positions in FTEK. Migdal Insurance & Financial Holdings Ltd. bought a new position in Fuel Tech during the 4th quarter valued at $26,000. Marquette Asset Management LLC raised its holdings in shares of Fuel Tech by 14.7% in the 1st quarter. Marquette Asset Management LLC now owns 141,189 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 18,133 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings in shares of Fuel Tech by 42.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 401,159 shares of the industrial products company’s stock worth $485,000 after purchasing an additional 119,763 shares in the last quarter. Acuitas Investments LLC boosted its holdings in Fuel Tech by 36.9% during the fourth quarter. Acuitas Investments LLC now owns 822,613 shares of the industrial products company’s stock worth $864,000 after buying an additional 221,932 shares in the last quarter. Finally, Grace & White Inc. NY grew its position in Fuel Tech by 6.9% in the fourth quarter. Grace & White Inc. NY now owns 1,859,922 shares of the industrial products company’s stock worth $1,953,000 after buying an additional 120,527 shares during 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.