Fuel Tech (NASDAQ:FTEK) Raised to Buy at Wall Street Zen

Fuel Tech (NASDAQ:FTEK) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fuel Tech in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.00.

Fuel Tech Trading Down 5.6%

NASDAQ:FTEK opened at $1.69 on Friday. The firm has a market cap of $52.51 million, a P/E ratio of -18.78 and a beta of 0.91. Fuel Tech has a 12-month low of $0.87 and a 12-month high of $3.65. The stock’s 50 day simple moving average is $2.41 and its 200-day simple moving average is $2.53.

Fuel Tech (NASDAQ:FTEK) last posted its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $7.49 million for the quarter, compared to the consensus estimate of $9.39 million. Fuel Tech had a negative return on equity of 7.29% and a negative net margin of 12.17%. Research analysts forecast that Fuel Tech will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Fuel Tech

A number of institutional investors have recently bought and sold shares of FTEK. Mercuria Capital Strategies LLC acquired a new position in shares of Fuel Tech during the third quarter worth about $720,000. Vanguard Group Inc. increased its holdings in shares of Fuel Tech by 7.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,013,864 shares of the industrial products company’s stock valued at $3,042,000 after acquiring an additional 72,895 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Fuel Tech during the third quarter worth $163,000. Boothbay Fund Management LLC bought a new position in shares of Fuel Tech in the 3rd quarter worth about $124,000. Finally, GSA Capital Partners LLP bought a new position in shares of Fuel Tech in the 3rd quarter worth about $109,000. 20.94% of the stock is currently owned by hedge funds and other institutional investors.

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.