StockNews.com Begins Coverage on Fuel Tech (NASDAQ:FTEK)

StockNews.com began coverage on shares of Fuel Tech (NASDAQ:FTEK) in a research note published on Wednesday morning. The firm issued a hold rating on the industrial products company’s stock.

Separately, HC Wainwright reiterated a buy rating and issued a $4.00 price objective on shares of Fuel Tech in a report on Wednesday, March 13th.

Fuel Tech Trading Up 7.8 %

FTEK stock opened at $1.24 on Wednesday. Fuel Tech has a 12-month low of $0.96 and a 12-month high of $1.48. The business’s fifty day moving average price is $1.15 and its 200 day moving average price is $1.09.

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

Institutional Trading of Fuel Tech

A number of large investors have recently made changes to their positions in the company. Grace & White Inc. NY boosted its position in shares of Fuel Tech by 6.9% in the 4th quarter. Grace & White Inc. NY now owns 1,859,922 shares of the industrial products company’s stock valued at $1,953,000 after purchasing an additional 120,527 shares during the period. Acuitas Investments LLC boosted its position in shares of Fuel Tech by 36.9% in the 4th quarter. Acuitas Investments LLC now owns 822,613 shares of the industrial products company’s stock valued at $864,000 after purchasing an additional 221,932 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Fuel Tech in the 4th quarter valued at about $26,000. 20.94% of the stock is owned by institutional investors and hedge funds.

Fuel Tech Company 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.