Fuel Tech (NASDAQ:FTEK) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Fuel Tech (NASDAQ:FTEK – Get Rating) in a note issued to investors on Sunday. The firm set a “hold” rating on the industrial products company’s stock.

Fuel Tech Price Performance

Shares of NASDAQ FTEK opened at $1.24 on Friday. Fuel Tech has a 1 year low of $1.02 and a 1 year high of $1.75. The firm has a fifty day moving average price of $1.47 and a 200-day moving average price of $1.36. The stock has a market cap of $37.57 million, a PE ratio of -31.00 and a beta of 4.33.

Institutional Trading of Fuel Tech

Several institutional investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its position in shares of Fuel Tech by 107.3% in the third quarter. Jane Street Group LLC now owns 22,731 shares of the industrial products company’s stock worth $27,000 after buying an additional 11,765 shares in the last quarter. Virtu Financial LLC increased its stake in Fuel Tech by 150.2% during the fourth quarter. Virtu Financial LLC now owns 26,898 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 16,147 shares during the last quarter. Legato Capital Management LLC purchased a new stake in Fuel Tech during the fourth quarter valued at approximately $43,000. Susquehanna International Group LLP raised its holdings in Fuel Tech by 19.2% during the 4th quarter. Susquehanna International Group LLP now owns 70,877 shares of the industrial products company’s stock valued at $90,000 after buying an additional 11,437 shares during the period. Finally, Bank of America Corp DE lifted its position in Fuel Tech by 33.2% in the first quarter. Bank of America Corp DE now owns 67,609 shares of the industrial products company’s stock worth $98,000 after buying an additional 16,851 shares during the last quarter. Hedge funds and other institutional investors own 17.34% of the company’s stock.

About Fuel Tech

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Fuel Tech, Inc engages in the development, commercialization and application of proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. It operates through the following segments: Air Pollution Control, Fuel Chem Technologies, and Other.