Fuel Tech (FTEK) Announces Quarterly Earnings Results

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Fuel Tech (NASDAQ:FTEK) issued its quarterly earnings data on Thursday. The industrial products company reported $0.04 earnings per share for the quarter, Morningstar.com reports. Fuel Tech had a negative return on equity of 1.24% and a negative net margin of 3.94%. The business had revenue of $15.83 million for the quarter, compared to analysts’ expectations of $13.91 million.

NASDAQ:FTEK traded up $0.18 during trading hours on Friday, hitting $1.49. 3,894 shares of the company traded hands, compared to its average volume of 44,070. Fuel Tech has a one year low of $0.96 and a one year high of $1.61. The stock has a market cap of $31.66 million, a PE ratio of -7.91 and a beta of 0.56.

A hedge fund recently raised its stake in Fuel Tech stock. Grace & White Inc. NY raised its stake in shares of Fuel Tech Inc (NASDAQ:FTEK) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,427,657 shares of the industrial products company’s stock after acquiring an additional 108,197 shares during the period. Grace & White Inc. NY owned about 5.91% of Fuel Tech worth $1,699,000 as of its most recent SEC filing. 23.34% of the stock is currently owned by institutional investors and hedge funds.

Separately, HC Wainwright started coverage on Fuel Tech in a research note on Monday, December 10th. They set a “buy” rating and a $2.00 price objective on the stock.

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About Fuel Tech

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It 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 by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; advanced selective catalytic reduction (SCR) systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; ammonia injection grid and graduated straightening grid systems; and flue gas conditioning systems.

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Earnings History for Fuel Tech (NASDAQ:FTEK)

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