Posted by admin on Jun 28th, 2022
Fuel Tech, Inc. (NASDAQ:FTEK – Get Rating)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.31 and traded as high as $1.31. Fuel Tech shares last traded at $1.28, with a volume of 164,886 shares traded.
A number of research firms recently commented on FTEK. TheStreet downgraded Fuel Tech from a “c-” rating to a “d” rating in a research report on Friday, March 18th. StockNews.com began coverage on Fuel Tech in a research report on Tuesday. They issued a “hold” rating on the stock.
The company has a market capitalization of $38.78 million, a PE ratio of -25.60 and a beta of 5.25. The business has a 50-day moving average of $1.28 and a 200 day moving average of $1.31.
Fuel Tech (NASDAQ:FTEK – Get Rating) last issued its quarterly earnings data 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). Fuel Tech had a negative return on equity of 2.92% and a negative net margin of 5.42%. The company had revenue of $5.54 million for the quarter, compared to the consensus estimate of $5.95 million. On average, research analysts expect that Fuel Tech, Inc. will post -0.09 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Marquette Asset Management LLC bought a new position in shares of Fuel Tech during the fourth quarter valued at approximately $76,000. Bank of America Corp DE grew its stake in shares of Fuel Tech by 33.2% during the first quarter. Bank of America Corp DE now owns 67,609 shares of the industrial products company’s stock valued at $98,000 after buying an additional 16,851 shares during the last quarter. Advisor Group Holdings Inc. grew its stake 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 valued at $182,000 after buying an additional 13,500 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Fuel Tech by 54.2% during the fourth quarter. GSA Capital Partners LLP now owns 162,560 shares of the industrial products company’s stock valued at $228,000 after buying an additional 57,131 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Fuel Tech by 25.2% during the first quarter. US Bancorp DE now owns 304,776 shares of the industrial products company’s stock valued at $442,000 after buying an additional 61,300 shares during the last quarter. 18.69% of the stock is currently owned by institutional investors.
Fuel Tech Company Profile (NASDAQ:FTEK)
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.
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