Fuel Tech (FTEK) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Fuel Tech (NASDAQ:FTEK) announced its earnings results on Monday. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.02, Analyst RN reports. The company had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.00 million.
A number of research firms have recently commented on FTEK. Analysts at Zacks downgraded shares of Fuel Tech from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $6.60 price target on the stock. Analysts at TheStreet downgraded shares of Fuel Tech from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th.
Fuel Tech (NASDAQ:FTEK) traded up 1.00% during mid-day trading on Monday, hitting $5.05. 174,520 shares of the company’s stock traded hands. Fuel Tech has a 52-week low of $3.75 and a 52-week high of $9.63. The stock’s 50-day moving average is $5.31 and its 200-day moving average is $5.71. The company has a market cap of $115.1 million and a P/E ratio of 27.78.
Fuel Tech, Inc (NASDAQ:FTEK) is an integrated company that uses a suite of advanced technologies to provide boiler optimization, improvement and air pollution reduction and control solutions to utility and industrial customers worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.