Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Fuel Tech (FTEK) Share Price
News articles about Fuel Tech (NASDAQ:FTEK) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fuel Tech earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 47.1372499291133 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Separately, ValuEngine raised shares of Fuel Tech from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd.
Fuel Tech (NASDAQ:FTEK) traded up $0.04 during mid-day trading on Tuesday, reaching $1.01. 199,252 shares of the company’s stock were exchanged, compared to its average volume of 44,296. Fuel Tech has a fifty-two week low of $0.70 and a fifty-two week high of $1.47.
Fuel Tech (NASDAQ:FTEK) last released its quarterly earnings data on Monday, August 14th. The industrial products company reported ($0.05) earnings per share for the quarter. The company had revenue of $9.74 million for the quarter. Fuel Tech had a negative net margin of 50.07% and a negative return on equity of 22.08%.
In other news, insider David S. Collins sold 79,998 shares of Fuel Tech stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $0.79, for a total value of $63,198.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent J. Arnone bought 32,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was purchased at an average price of $0.92 per share, with a total value of $29,440.00. Following the purchase, the chief executive officer now directly owns 304,740 shares of the company’s stock, valued at approximately $280,360.80. The disclosure for this purchase can be found here. Insiders bought 70,000 shares of company stock valued at $64,460 in the last quarter. 13.90% of the stock is currently owned by corporate insiders.
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Fuel Tech Company Profile
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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