Fuel Tech (NASDAQ:FTEK) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Fuel Tech, Inc. (NASDAQ:FTEK) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.47 and traded as high as $1.50. Fuel Tech shares last traded at $1.46, with a volume of 179,570 shares.

Analyst Ratings Changes

FTEK has been the topic of a number of recent analyst reports. Zacks Research downgraded Fuel Tech from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Weiss Ratings downgraded Fuel Tech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Finally, Wall Street Zen lowered shares of Fuel Tech from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Fuel Tech Stock Up 1.4%

The firm has a 50-day moving average price of $1.40 and a two-hundred day moving average price of $1.47. The company has a market capitalization of $45.51 million, a P/E ratio of -16.22 and a beta of 1.33.

Fuel Tech (NASDAQ:FTEK) last announced its earnings results on Tuesday, May 5th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $6.08 million for the quarter, compared to the consensus estimate of $7.62 million. Fuel Tech had a negative return on equity of 7.34% and a negative net margin of 11.15%. On average, analysts predict that Fuel Tech, Inc. will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its position in Fuel Tech by 22.6% during the first quarter. Renaissance Technologies LLC now owns 1,407,806 shares of the industrial products company’s stock worth $1,718,000 after buying an additional 259,811 shares in the last quarter. Grace & White Inc. NY raised its holdings in Fuel Tech by 3.7% in the 1st 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 in the last quarter. Virtu Financial LLC bought a new stake in shares of Fuel Tech in the 4th quarter worth approximately $27,000. Beartown Capital Management LLC bought a new stake in shares of Fuel Tech during the fourth quarter valued at approximately $250,000. Finally, XTX Topco Ltd raised its stake in shares of Fuel Tech by 218.3% in the fourth quarter. XTX Topco Ltd now owns 178,303 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 122,291 shares in the last quarter. Institutional investors and hedge funds own 20.94% of the company’s stock.

Fuel Tech Company Profile

Fuel Tech, Inc (NASDAQ: FTEK) is a specialty technology and engineering company focused on developing and supplying clean air solutions for the power generation and industrial markets. The company designs, manufactures and markets proprietary chemical reagents and process control systems that help customers reduce emissions of nitrogen oxides (NOx), mercury and other air pollutants. Its technology platform combines advanced process modeling, plant optimization software and field testing services to help utilities and industrial facilities comply with environmental regulations and improve operational efficiency.

Fuel Tech’s core product lines include selective catalytic reduction (SCR) optimization systems, activated carbon injection solutions for mercury capture, and sorbent enhancement additives for flue gas desulfurization processes.