Posted by admin on Jul 14th, 2022
StockNews.com began coverage on shares of Fuel Tech (NASDAQ:FTEK – Get Rating) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.
Separately, TheStreet lowered shares of Fuel Tech from a “c-” rating to a “d” rating in a research note on Friday, March 18th.
FTEK opened at $1.24 on Thursday. Fuel Tech has a fifty-two week low of $1.02 and a fifty-two week high of $2.50. The firm has a market capitalization of $37.57 million, a PE ratio of -24.80 and a beta of 5.00. The company’s 50-day moving average is $1.25 and its 200 day moving average is $1.29.
Fuel Tech (NASDAQ:FTEK – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The industrial products company reported ($0.03) EPS 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 analysts’ expectations of $5.95 million. Fuel Tech had a negative net margin of 5.42% and a negative return on equity of 2.92%. Sell-side analysts predict that Fuel Tech will post -0.09 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Grace & White Inc. NY grew its position in shares of Fuel Tech by 10.7% during the 1st quarter. Grace & White Inc. NY now owns 1,713,933 shares of the industrial products company’s stock valued at $2,485,000 after acquiring an additional 165,844 shares during the period. Marquette Asset Management LLC grew its position in shares of Fuel Tech by 131.2% during the 1st quarter. Marquette Asset Management LLC now owns 126,079 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 71,557 shares during the period. US Bancorp DE grew its position in shares of Fuel Tech by 25.2% during the 1st quarter. US Bancorp DE now owns 304,776 shares of the industrial products company’s stock valued at $442,000 after acquiring an additional 61,300 shares during the period. GSA Capital Partners LLP grew its position in shares of Fuel Tech by 54.2% during the 4th quarter. GSA Capital Partners LLP now owns 162,560 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 57,131 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Fuel Tech by 4.2% during the 1st quarter. Renaissance Technologies LLC now owns 841,016 shares of the industrial products company’s stock valued at $1,219,000 after acquiring an additional 33,691 shares during the period. Hedge funds and other institutional investors own 18.69% of the company’s stock.
About Fuel Tech (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.
Oasis Petroleum (NYSE:OAS) Earns Hold Rating from Analysts at StockNews.com
Enanta Pharmaceuticals (NASDAQ:ENTA) Raised to Hold at StockNews.com