Fuel Tech (NASDAQ:FTEK) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Fuel Tech (NASDAQ:FTEK) in a report published on Thursday. The brokerage issued a hold rating on the industrial products company’s stock.

Fuel Tech Trading Up 1.0 %

Shares of NASDAQ FTEK opened at $0.96 on Thursday. The company has a market cap of $29.62 million, a price-to-earnings ratio of -48.23 and a beta of 4.07. Fuel Tech has a 12 month low of $0.91 and a 12 month high of $1.34. The stock has a 50-day moving average price of $1.02 and a two-hundred day moving average price of $1.02.

Hedge Funds Weigh In On Fuel Tech

An institutional investor recently bought a new position in Fuel Tech stock. Peapod Lane Capital LLC purchased a new position in shares of Fuel Tech, Inc. (NASDAQ:FTEK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 977,674 shares of the industrial products company’s stock, valued at approximately $1,027,000. Peapod Lane Capital LLC owned approximately 3.18% of Fuel Tech as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 20.94% 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 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.