Fuel Tech (NASDAQ:FTEK – Get Free Report) announced its earnings results on Tuesday, August 4th. The industrial products company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02), FiscalAI reports. The business had revenue of $6.49 million for the quarter, compared to analyst estimates of $6.58 million. Fuel Tech had a negative return on equity of 8.88% and a negative net margin of 12.75%.
Fuel Tech Stock Performance
Fuel Tech stock opened at $1.76 on Monday. The company has a market cap of $54.95 million, a P/E ratio of -16.00 and a beta of 1.30. Fuel Tech has a one year low of $1.17 and a one year high of $3.59. The business has a fifty day moving average of $1.51 and a two-hundred day moving average of $1.48.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on FTEK. Weiss Ratings reissued a “sell (d-)” rating on shares of Fuel Tech in a report on Friday, September 11th. Zacks Research downgraded shares of Fuel Tech from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Fuel Tech from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
About Fuel Tech
Fuel Tech, Inc (NASDAQ:FTEK) develops and commercializes technologies designed to improve industrial combustion processes and reduce air pollution. Its solutions are used primarily by utility, industrial, refining, cement, steel, and waste-to-energy facilities.
The company’s Air Pollution Control technologies address nitrogen oxide (NOx) emissions from combustion sources. Its offerings include selective non-catalytic reduction and related systems, including the NOxOUT and HERT technologies, which are designed to help customers meet environmental regulations while maintaining operating efficiency.
Fuel Tech also provides fuel-treatment and combustion-optimization products through its FUEL CHEM business.
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