Posted by admin on Jun 4th, 2022
StockNews.com assumed coverage on shares of Fuel Tech (NASDAQ:FTEK – Get Rating) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the industrial products company’s stock.
A number of other equities analysts also recently commented on the stock. TheStreet downgraded shares of Fuel Tech from a “c-” rating to a “d” rating in a research note on Friday, March 18th. Zacks Investment Research raised shares of Fuel Tech from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 10th.
Shares of FTEK stock opened at $1.34 on Friday. The firm’s 50-day moving average is $1.32 and its two-hundred day moving average is $1.36. Fuel Tech has a 12 month low of $1.02 and a 12 month high of $3.22. The company has a market capitalization of $40.60 million, a PE ratio of -26.80 and a beta of 5.25.
Fuel Tech (NASDAQ:FTEK – Get Rating) last issued its earnings results on Tuesday, May 10th. The industrial products company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $5.54 million for the quarter, compared to analysts’ expectations of $5.95 million. As a group, analysts anticipate that Fuel Tech will post -0.09 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. PEAK6 Investments LLC purchased a new stake in shares of Fuel Tech in the 3rd quarter valued at approximately $46,000. Advisor Group Holdings Inc. raised its stake in shares of Fuel Tech by 98.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 27,186 shares of the industrial products company’s stock valued at $182,000 after acquiring an additional 13,500 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Fuel Tech in the 3rd quarter valued at approximately $49,000. Morgan Stanley raised its stake in shares of Fuel Tech by 1,444.9% in the 1st quarter. Morgan Stanley now owns 38,637 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 36,136 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of Fuel Tech in the 4th quarter valued at approximately $71,000. 18.69% of the stock is currently owned by institutional investors and hedge funds.
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.
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