Fuel Tech (NASDAQ:FTEK) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Fuel Tech (NASDAQ:FTEKGet Rating) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the industrial products company’s stock.

Fuel Tech Trading Down 1.7 %

Shares of FTEK opened at $1.45 on Thursday. The business’s 50 day moving average is $1.30 and its 200 day moving average is $1.31. The company has a market capitalization of $43.78 million, a PE ratio of -48.17 and a beta of 4.68. Fuel Tech has a 12-month low of $1.02 and a 12-month high of $2.50.

Institutional Trading of Fuel Tech

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Fuel Tech by 33.2% in the 1st quarter. Bank of America Corp DE now owns 67,609 shares of the industrial products company’s stock worth $98,000 after acquiring an additional 16,851 shares during the last quarter. Renaissance Technologies LLC increased its stake in Fuel Tech by 4.2% in the 1st quarter. Renaissance Technologies LLC now owns 841,016 shares of the industrial products company’s stock worth $1,219,000 after acquiring an additional 33,691 shares during the last quarter. US Bancorp DE increased its stake in Fuel Tech by 25.2% in the 1st quarter. US Bancorp DE now owns 304,776 shares of the industrial products company’s stock worth $442,000 after acquiring an additional 61,300 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in Fuel Tech by 98.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 27,186 shares of the industrial products company’s stock worth $182,000 after acquiring an additional 13,500 shares during the last quarter. Finally, Marquette Asset Management LLC increased its stake in Fuel Tech by 131.2% in the 1st quarter. Marquette Asset Management LLC now owns 126,079 shares of the industrial products company’s stock worth $183,000 after acquiring an additional 71,557 shares during the last quarter. Institutional investors own 16.28% of the company’s stock.

Fuel Tech Company Profile

(Get Rating)

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. 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; 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; and burner systems.

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