Fuel Tech (NASDAQ:FTEK) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Fuel Tech (NASDAQ:FTEK) in a report released on Saturday. The firm set a “hold” rating on the industrial products company’s stock.

Separately, HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Fuel Tech in a research report on Wednesday, March 13th.

Fuel Tech Price Performance

FTEK opened at $1.14 on Friday. The business has a 50 day simple moving average of $1.10 and a two-hundred day simple moving average of $1.08. The firm has a market capitalization of $34.64 million, a price-to-earnings ratio of -22.80 and a beta of 4.36. Fuel Tech has a one year low of $0.96 and a one year high of $1.83.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Fuel Tech during the 4th quarter valued at approximately $26,000. Jane Street Group LLC increased its position in Fuel Tech by 107.3% during the 3rd quarter. Jane Street Group LLC now owns 22,731 shares of the industrial products company’s stock valued at $27,000 after buying an additional 11,765 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in Fuel Tech during the 1st quarter valued at $32,000. Two Sigma Securities LLC purchased a new stake in Fuel Tech during the 2nd quarter valued at $32,000. Finally, Virtu Financial LLC boosted its stake in Fuel Tech by 150.2% during the 4th quarter. Virtu Financial LLC now owns 26,898 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 16,147 shares during the last quarter. Institutional investors own 20.14% of the company’s stock.

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. The company 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; 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.