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

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

Fuel Tech Stock Down 0.5 %

NASDAQ FTEK opened at $1.00 on Tuesday. The stock has a market cap of $30.71 million, a P/E ratio of -50.00 and a beta of 4.10. The company’s 50-day simple moving average is $1.04 and its 200 day simple moving average is $1.03. Fuel Tech has a twelve month low of $0.91 and a twelve month high of $1.34.

Institutional Trading of Fuel Tech

A hedge fund recently raised its stake in Fuel Tech stock. Renaissance Technologies LLC raised its holdings in Fuel Tech, Inc. (NASDAQ:FTEK) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 874,618 shares of the industrial products company’s stock after acquiring an additional 44,512 shares during the quarter. Renaissance Technologies LLC owned about 2.88% of Fuel Tech worth $936,000 as of its most recent SEC filing. 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.