Fuel Tech (NASDAQ:FTEK) Shares Pass Above 200 Day Moving Average of $0.78

Fuel Tech Inc (NASDAQ:FTEK) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.78 and traded as high as $0.90. Fuel Tech shares last traded at $0.89, with a volume of 117,300 shares traded.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Fuel Tech from a “hold” rating to a “buy” rating and set a $1.00 price target on the stock in a research report on Monday. HC Wainwright lowered Fuel Tech from a “buy” rating to a “neutral” rating in a research report on Friday, March 13th. Finally, ValuEngine raised Fuel Tech from a “hold” rating to a “buy” rating in a research report on Tuesday, March 3rd.

The company has a market cap of $21.84 million, a price-to-earnings ratio of -2.40 and a beta of 1.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.39 and a quick ratio of 4.30. The stock has a 50-day moving average price of $0.63 and a 200 day moving average price of $0.78.

Fuel Tech (NASDAQ:FTEK) last announced its earnings results on Tuesday, May 12th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.10). Fuel Tech had a negative return on equity of 22.77% and a negative net margin of 36.62%. The business had revenue of $3.78 million for the quarter, compared to analyst estimates of $4.77 million. Sell-side analysts expect that Fuel Tech Inc will post -0.18 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Fuel Tech stock. Retirement Network purchased a new stake in Fuel Tech Inc (NASDAQ:FTEK) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 56,598 shares of the industrial products company’s stock, valued at approximately $54,000. Retirement Network owned approximately 0.23% of Fuel Tech as of its most recent SEC filing. 24.29% of the stock is currently owned by institutional investors.

Fuel Tech Company Profile (NASDAQ:FTEK)

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It 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 by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; advanced selective catalytic reduction systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; ammonia injection grid and graduated straightening grid systems; and flue gas conditioning systems.

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