Fuel Tech (NASDAQ:FTEK) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Fuel Tech (NASDAQ:FTEK) in a report published on Sunday. 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 target price on shares of Fuel Tech in a research report on Thursday, May 9th.

Fuel Tech Stock Performance

Shares of FTEK opened at $1.18 on Friday. Fuel Tech has a 52 week low of $0.96 and a 52 week high of $1.48. The stock has a market capitalization of $35.86 million, a price-to-earnings ratio of -39.33 and a beta of 4.21. The stock has a fifty day moving average of $1.20 and a 200-day moving average of $1.12.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in Fuel Tech during the 4th quarter worth $26,000. Marquette Asset Management LLC raised its position in Fuel Tech by 14.7% during 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 during the last quarter. Essex Investment Management Co. LLC grew its holdings in Fuel Tech by 42.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 401,159 shares of the industrial products company’s stock worth $485,000 after acquiring an additional 119,763 shares during the period. Acuitas Investments LLC grew its holdings in Fuel Tech by 36.9% during the 4th quarter. Acuitas Investments LLC now owns 822,613 shares of the industrial products company’s stock worth $864,000 after acquiring an additional 221,932 shares during the period. Finally, Grace & White Inc. NY grew its holdings in Fuel Tech by 6.9% during the 4th quarter. Grace & White Inc. NY now owns 1,859,922 shares of the industrial products company’s stock worth $1,953,000 after acquiring an additional 120,527 shares during the period. 20.94% of the stock is owned by institutional investors.

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.