Fuel Tech (NASDAQ:FTEK) Share Price Breaks Above 200 Day Moving Average – Time to Sell?

Fuel Tech, Inc. (NASDAQ:FTEK)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1.51 and traded as high as $1.71. Fuel Tech shares last traded at $1.65, with a volume of 71,092 shares traded.

Analyst Upgrades and Downgrades

FTEK has been the subject of several research reports. Zacks Research raised shares of Fuel Tech from a “strong sell” rating to a “hold” rating in a research report on Monday. Wall Street Zen raised shares of Fuel Tech from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fuel Tech in a research note on Friday, September 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Fuel Tech presently has a consensus rating of “Reduce”.

Fuel Tech Stock Performance

The stock has a 50 day moving average of $1.55 and a 200-day moving average of $1.51. The company has a market capitalization of $52.13 million, a P/E ratio of -15.18 and a beta of 1.28.

Fuel Tech (NASDAQ:FTEK) last released its earnings results on Tuesday, August 4th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Fuel Tech had a negative return on equity of 8.88% and a negative net margin of 12.75%.The firm had revenue of $6.49 million for the quarter, compared to the consensus estimate of $6.58 million. As a group, sell-side analysts expect that Fuel Tech, Inc. will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Grace & White Inc. NY raised its holdings in Fuel Tech by 3.7% during the first quarter. Grace & White Inc. NY now owns 1,541,307 shares of the industrial products company’s stock valued at $1,880,000 after acquiring an additional 55,424 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Fuel Tech by 22.6% in the first quarter. Renaissance Technologies LLC now owns 1,407,806 shares of the industrial products company’s stock worth $1,718,000 after acquiring an additional 259,811 shares during the period. BlackRock Inc. purchased a new stake in shares of Fuel Tech during the second quarter worth about $1,097,000. GSA Capital Partners LLP purchased a new stake in shares of Fuel Tech during the second quarter worth about $652,000. Finally, Marquette Asset Management LLC bought a new stake in Fuel Tech during the 2nd quarter valued at approximately $244,000. Institutional investors own 20.94% of the company’s stock.

About Fuel Tech

Fuel Tech, Inc is an environmental technology company that develops and applies proprietary solutions for air pollution control, combustion optimization and water treatment. Its customers include electric utilities, industrial facilities and other operators seeking to improve environmental performance and operating efficiency.

The company’s offerings include technologies designed to reduce nitrogen oxide emissions, including selective non-catalytic reduction systems and related reagent-injection solutions.