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

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

Fuel Tech Stock Up 1.0 %

Shares of Fuel Tech stock opened at $1.03 on Friday. Fuel Tech has a fifty-two week low of $0.91 and a fifty-two week high of $1.34. The firm has a market cap of $31.63 million, a PE ratio of -51.50 and a beta of 4.07. The business’s fifty day moving average is $1.01 and its two-hundred day moving average is $1.02.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Millennium Management LLC raised its position in shares of Fuel Tech by 70.1% in the 4th quarter. Millennium Management LLC now owns 58,571 shares of the industrial products company’s stock worth $62,000 after buying an additional 24,129 shares during the period. XTX Topco Ltd purchased a new position in shares of Fuel Tech in the 4th quarter worth $27,000. Renaissance Technologies LLC lifted its stake in shares of Fuel Tech by 15.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,039,609 shares of the industrial products company’s stock worth $1,092,000 after purchasing an additional 138,169 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Fuel Tech during the fourth quarter worth about $26,000. Finally, Peapod Lane Capital LLC acquired a new position in shares of Fuel Tech during the fourth quarter worth about $1,027,000. 20.94% of the stock is owned by hedge funds and other institutional investors.

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 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; 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.