1 day Ago By Defense World Staff
Virtu Financial LLC purchased a new position in Fuel Tech, Inc. ( NASDAQ:FTEK – Free Report ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,500 shares of the industrial products company’s stock, valued at approximately $26,000.
Virtu Financial LLC owned 0.08% of Fuel Tech at the end of the most recent reporting period. Separately, Peapod Lane Capital LLC purchased a new position in shares of Fuel Tech during the 4th quarter valued at $1,027,000.
20.94% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth A number of equities research analysts have commented on FTEK shares.
HC Wainwright reissued a “buy” rating and set a $4.00 price target on shares of Fuel Tech in a report on Thursday, March 6th. StockNews.
com assumed coverage on Fuel Tech in a research report on Wednesday, March 26th. They set a “hold” rating for the company. Fuel Tech Stock Performance FTEK stock opened at $1.
01 on Wednesday. The company has a market capitalization of $30.86 million, a PE ratio of -50.
25 and a beta of 4.25. The company’s fifty day moving average price is $0.
99 and its 200-day moving average price is $1.02. Fuel Tech, Inc.
has a one year low of $0.87 and a one year high of $1.34.
Fuel Tech ( NASDAQ:FTEK – Get Free Report ) last issued its quarterly earnings data on Tuesday, March 4th. The industrial products company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.
03) by ($0.03). The firm had revenue of $5.
28 million for the quarter, compared to analysts’ expectations of $5.63 million. Fuel Tech had a negative net margin of 2.
29% and a negative return on equity of 1.37%. During the same quarter in the previous year, the business earned ($0.
02) EPS. On average, research analysts predict that Fuel Tech, Inc. will post -0.
03 EPS for the current fiscal year. Fuel Tech Company Profile ( Free Report ) 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. Further Reading Five stocks we like better than Fuel Tech 3 Fintech Stocks With Good 2021 Prospects D-Wave: Multiple Use Cases Emerge Following Quantum Supremacy How to Short Nasdaq: An Easy-to-Follow Guide Amazon Falls Back to a Key Support Line: Here’s How to Play It Stock Market Upgrades: What Are They? Buffett Trims Equities, But Still Keeps Buying This Stock 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 .
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