Shares of Fuel Tech Inc (NASDAQ:FTEK) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus target price of $1.75 for the company and are expecting that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also given Fuel Tech an industry rank of 68 out of 255 based on the ratings given to related companies.
Several brokerages have recently weighed in on FTEK. Zacks Investment Research upgraded shares of Fuel Tech from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 15th. ValuEngine downgraded shares of Fuel Tech from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in shares of Fuel Tech by 4.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,186,238 shares of the industrial products company’s stock worth $1,127,000 after purchasing an additional 52,987 shares during the period. Retirement Network acquired a new stake in Fuel Tech in the 4th quarter valued at about $54,000. California Public Employees Retirement System grew its stake in Fuel Tech by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 668,420 shares of the industrial products company’s stock valued at $666,000 after acquiring an additional 36,600 shares during the last quarter. Grace & White Inc. NY boosted its stake in shares of Fuel Tech by 21.6% during the 3rd quarter. Grace & White Inc. NY now owns 1,807,455 shares of the industrial products company’s stock worth $1,783,000 after purchasing an additional 320,656 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Fuel Tech by 12.5% during the 2nd quarter. Vanguard Group Inc. now owns 497,934 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 55,215 shares during the last quarter. 26.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FTEK stock opened at $0.88 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.27 and a current ratio of 4.32. The stock has a market capitalization of $21.34 million, a P/E ratio of -8.82 and a beta of 1.17. The company has a 50 day moving average price of $0.90 and a 200 day moving average price of $0.95. Fuel Tech has a fifty-two week low of $0.80 and a fifty-two week high of $3.06.
Fuel Tech (NASDAQ:FTEK) last posted its quarterly earnings results on Wednesday, November 13th. The industrial products company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $6.45 million for the quarter, compared to analyst estimates of $10.22 million. Fuel Tech had a negative return on equity of 2.19% and a negative net margin of 6.20%. On average, research analysts forecast that Fuel Tech will post -0.12 EPS for the current fiscal year.
Fuel Tech Company Profile
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.
Further Reading: Diversification in Investing
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fuel Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fuel Tech and related companies with MarketBeat.com's FREE daily email newsletter.