David S. Collins Sells 79,998 Shares of Fuel Tech, Inc. (FTEK) Stock
Fuel Tech, Inc. (NASDAQ:FTEK) insider David S. Collins sold 79,998 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $0.79, for a total transaction of $63,198.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Fuel Tech, Inc. (NASDAQ FTEK) traded up 4.1395% during trading on Friday, reaching $0.8956. 2,238 shares of the company traded hands. The company’s market capitalization is $21.61 million. Fuel Tech, Inc. has a 52 week low of $0.70 and a 52 week high of $1.51. The company’s 50-day moving average price is $0.86 and its 200-day moving average price is $0.92.
Fuel Tech (NASDAQ:FTEK) last released its earnings results on Monday, August 14th. The industrial products company reported ($0.05) EPS for the quarter. Fuel Tech had a negative return on equity of 22.08% and a negative net margin of 50.07%. The firm had revenue of $9.74 million for the quarter. Equities research analysts forecast that Fuel Tech, Inc. will post ($0.42) EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTEK. GRT Capital Partners L.L.C. raised its stake in Fuel Tech by 134.7% during the 2nd quarter. GRT Capital Partners L.L.C. now owns 243,417 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 139,701 shares during the period. US Bancorp DE raised its stake in Fuel Tech by 65.3% during the 1st quarter. US Bancorp DE now owns 246,299 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 97,295 shares during the period. Renaissance Technologies LLC raised its stake in Fuel Tech by 8.0% during the 1st quarter. Renaissance Technologies LLC now owns 549,200 shares of the industrial products company’s stock worth $560,000 after acquiring an additional 40,796 shares during the period. Finally, Grace & White Inc. NY raised its stake in Fuel Tech by 2.6% during the 2nd quarter. Grace & White Inc. NY now owns 1,266,762 shares of the industrial products company’s stock worth $1,001,000 after acquiring an additional 32,072 shares during the period. Institutional investors own 23.73% of the company’s stock.
About Fuel Tech
Fuel Tech, Inc is a technology company. The Company is engaged in the development, commercialization and application of technologies for air pollution control, process optimization, combustion efficiency and engineering services. It operates through three segments: Air Pollution Control technology, FUEL CHEM technology and Fuel Conversion.
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