Fuel Tech Inc (NASDAQ:FTEK) traded up 15.2% during trading on Thursday . The stock traded as high as $1.54 and last traded at $1.52. 522,699 shares changed hands during trading, an increase of 667% from the average session volume of 68,118 shares. The stock had previously closed at $1.32.

Several equities research analysts have recently commented on the company. HC Wainwright restated a “buy” rating and set a $2.00 price objective on shares of Fuel Tech in a report on Monday. Zacks Investment Research upgraded Fuel Tech from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Friday, March 15th. Finally, ValuEngine downgraded Fuel Tech from a “buy” rating to a “hold” rating in a report on Wednesday.

Fuel Tech (NASDAQ:FTEK) last announced its quarterly earnings results on Thursday, March 14th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter. Fuel Tech had a positive return on equity of 0.03% and a negative net margin of 0.05%. The business had revenue of $15.83 million during the quarter, compared to the consensus estimate of $13.91 million. Sell-side analysts expect that Fuel Tech Inc will post 0.01 EPS for the current fiscal year.

A hedge fund recently raised its stake in Fuel Tech stock. Grace & White Inc. NY increased its stake in shares of Fuel Tech Inc (NASDAQ:FTEK) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,427,657 shares of the industrial products company’s stock after buying an additional 108,197 shares during the quarter. Grace & White Inc. NY owned 5.91% of Fuel Tech worth $1,699,000 at the end of the most recent quarter. 23.34% of the stock is currently owned by hedge funds and other institutional investors.

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About Fuel Tech (NASDAQ:FTEK)

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It 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 by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; advanced selective catalytic reduction (SCR) systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; ammonia injection grid and graduated straightening grid systems; and flue gas conditioning systems.

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