Fuel Tech (FTEK) Trading 15.2% Higher
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.
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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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