Posted by admin on Jun 12th, 2022
Equities researchers at StockNews.com started coverage on shares of Fuel Tech (NASDAQ:FTEK – Get Rating) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the industrial products company’s stock.
Separately, TheStreet downgraded shares of Fuel Tech from a “c-” rating to a “d” rating in a research note on Friday, March 18th.
Fuel Tech stock opened at $1.30 on Friday. Fuel Tech has a 1-year low of $1.02 and a 1-year high of $2.64. The firm has a market capitalization of $39.24 million, a P/E ratio of -25.90 and a beta of 5.25. The company’s 50-day moving average is $1.31 and its 200 day moving average is $1.34.
Fuel Tech (NASDAQ:FTEK – Get Rating) last announced its earnings results on Tuesday, May 10th. The industrial products company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $5.54 million during the quarter, compared to analyst estimates of $5.95 million. Fuel Tech had a negative net margin of 5.42% and a negative return on equity of 2.92%. On average, equities analysts predict that Fuel Tech will post -0.09 EPS for the current year.
Several large investors have recently bought and sold shares of FTEK. PEAK6 Investments LLC purchased a new position in shares of Fuel Tech during the third quarter worth $46,000. Advisor Group Holdings Inc. raised its holdings in shares of Fuel Tech by 98.6% during the first quarter. Advisor Group Holdings Inc. now owns 27,186 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 13,500 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Fuel Tech during the third quarter worth $49,000. Morgan Stanley raised its holdings in shares of Fuel Tech by 1,444.9% during the first quarter. Morgan Stanley now owns 38,637 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 36,136 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Fuel Tech during the fourth quarter worth $71,000. Institutional investors and hedge funds own 18.69% of the company’s stock.
Fuel Tech Company Profile (Get Rating)
Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. 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 by low and ultra-low NOx burners; over-fire air systems; 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; and burner systems.
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.
Real Brokerage (REAX) vs. The Competition Critical Survey
SQZ Biotechnologies (NYSE:SQZ) Receives Average Rating of “Buy” from Brokerages