Fuel Tech (NASDAQ:FTEK) Posts Quarterly Earnings Results, Hits Expectations

Fuel Tech (NASDAQ:FTEK) released its quarterly earnings data on Monday. The industrial products company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02), Zacks reports. Fuel Tech had a negative return on equity of 1.37% and a negative net margin of 2.29%.

Fuel Tech Trading Down 1.3%

Fuel Tech stock traded down $0.01 during midday trading on Monday, reaching $0.96. The company’s stock had a trading volume of 55,483 shares, compared to its average volume of 88,726. Fuel Tech has a 52 week low of $0.87 and a 52 week high of $1.28. The business has a 50-day moving average price of $0.98 and a 200-day moving average price of $1.00. The stock has a market cap of $29.45 million, a PE ratio of -47.85 and a beta of 4.38.

Analyst Ratings Changes

FTEK has been the subject of several recent analyst reports. StockNews.com initiated coverage on Fuel Tech in a report on Monday, May 5th. They issued a “hold” rating for the company. HC Wainwright reiterated a “buy” rating and set a $4.00 price objective on shares of Fuel Tech in a research report on Thursday, March 6th.

About Fuel Tech

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.