Fuel Tech, Inc. (NASDAQ:FTEK – Get Free Report) CEO Vincent J. Arnone bought 20,000 shares of the stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $1.04 per share, for a total transaction of $20,800.00. Following the purchase, the chief executive officer now directly owns 440,513 shares of the company’s stock, valued at $458,133.52. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Fuel Tech Stock Performance
FTEK opened at $1.02 on Wednesday. The company has a market cap of $30.99 million, a PE ratio of -34.00 and a beta of 4.16. The stock has a 50-day moving average of $1.05 and a 200-day moving average of $1.12. Fuel Tech, Inc. has a 52-week low of $0.91 and a 52-week high of $1.34.
Fuel Tech (NASDAQ:FTEK – Get Free Report) last announced its earnings results on Tuesday, August 6th. The industrial products company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. Fuel Tech had a negative return on equity of 1.92% and a negative net margin of 3.41%. The firm had revenue of $7.04 million during the quarter, compared to the consensus estimate of $5.81 million. During the same quarter in the prior year, the company earned ($0.03) EPS. On average, research analysts predict that Fuel Tech, Inc. will post -0.02 earnings per share for the current year.
Institutional Trading of Fuel Tech
Analyst Upgrades and Downgrades
FTEK has been the subject of several recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $4.00 price target on shares of Fuel Tech in a research note on Thursday, May 9th. StockNews.com initiated coverage on Fuel Tech in a research note on Wednesday. They set a “hold” rating for the company.
Read Our Latest Analysis on FTEK
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.
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