Grace & White Inc. NY Has $1.95 Million Holdings in Fuel Tech, Inc. (NASDAQ:FTEK)

Grace & White Inc. NY boosted its position in Fuel Tech, Inc. (NASDAQ:FTEK) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,859,922 shares of the industrial products company’s stock after buying an additional 120,527 shares during the period. Grace & White Inc. NY owned approximately 6.12% of Fuel Tech worth $1,953,000 at the end of the most recent quarter.

Separately, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Fuel Tech in the fourth quarter valued at $26,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

Fuel Tech Stock Up 1.8 %

FTEK traded up $0.02 during midday trading on Tuesday, hitting $1.15. The company had a trading volume of 15,972 shares, compared to its average volume of 68,116. Fuel Tech, Inc. has a 52 week low of $0.96 and a 52 week high of $1.83. The company has a market capitalization of $34.95 million, a price-to-earnings ratio of -23.00 and a beta of 4.34. The stock’s 50 day moving average price is $1.15 and its 200 day moving average price is $1.09.

Fuel Tech (NASDAQ:FTEK) last posted its quarterly earnings results on Monday, March 11th. The industrial products company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. Fuel Tech had a negative net margin of 5.68% and a negative return on equity of 3.49%. The firm had revenue of $6.35 million during the quarter, compared to the consensus estimate of $6.90 million. Research analysts predict that Fuel Tech, Inc. will post -0.03 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Fuel Tech in a report on Tuesday, April 16th. They issued a “hold” rating on the stock. HC Wainwright restated a “buy” rating and issued a $4.00 target price on shares of Fuel Tech in a report on Wednesday, March 13th.

Fuel Tech Profile

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company 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; 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.