Fuel Tech (NASDAQ:FTEK) Issues Earnings Results
by Jessica Moore · The Cerbat GemFuel Tech (NASDAQ:FTEK – Get Free Report) issued its quarterly earnings data on Tuesday. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. Fuel Tech had a negative net margin of 8.71% and a negative return on equity of 5.70%.
Fuel Tech Price Performance
Shares of FTEK traded down $0.04 during mid-day trading on Tuesday, reaching $1.59. 217,370 shares of the company’s stock traded hands, compared to its average volume of 187,030. The stock has a market cap of $49.54 million, a P/E ratio of -22.71 and a beta of 1.38. The stock’s 50-day moving average is $1.32 and its two-hundred day moving average is $1.64. Fuel Tech has a 12 month low of $0.93 and a 12 month high of $3.65.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on FTEK shares. Weiss Ratings downgraded Fuel Tech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Wall Street Zen cut Fuel Tech from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on FTEK
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC grew its stake in shares of Fuel Tech by 44.2% during the third quarter. Advisory Services Network LLC now owns 21,627 shares of the industrial products company’s stock valued at $65,000 after buying an additional 6,627 shares during the last quarter. State Street Corp grew its stake in shares of Fuel Tech by 7.1% during the fourth quarter. State Street Corp now owns 121,846 shares of the industrial products company’s stock valued at $190,000 after buying an additional 8,100 shares during the last quarter. Group One Trading LLC grew its stake in shares of Fuel Tech by 26.1% during the fourth quarter. Group One Trading LLC now owns 42,509 shares of the industrial products company’s stock valued at $66,000 after buying an additional 8,803 shares during the last quarter. Prelude Capital Management LLC bought a new position in Fuel Tech in the third quarter worth approximately $40,000. Finally, Virtu Financial LLC bought a new position in Fuel Tech in the fourth quarter worth approximately $27,000. Institutional investors own 20.94% of the company’s stock.
Fuel Tech Company Profile
Fuel Tech, Inc (NASDAQ: FTEK) is a specialty technology and engineering company focused on developing and supplying clean air solutions for the power generation and industrial markets. The company designs, manufactures and markets proprietary chemical reagents and process control systems that help customers reduce emissions of nitrogen oxides (NOx), mercury and other air pollutants. Its technology platform combines advanced process modeling, plant optimization software and field testing services to help utilities and industrial facilities comply with environmental regulations and improve operational efficiency.
Fuel Tech’s core product lines include selective catalytic reduction (SCR) optimization systems, activated carbon injection solutions for mercury capture, and sorbent enhancement additives for flue gas desulfurization processes.