Fuel Tech (NASDAQ:FTEK) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Fuel Tech, Inc. (NASDAQ:FTEK) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.45 and traded as high as $2.28. Fuel Tech shares last traded at $2.21, with a volume of 551,862 shares.

Analyst Upgrades and Downgrades

A number of analysts have commented on FTEK shares. Zacks Research lowered shares of Fuel Tech from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Fuel Tech from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised shares of Fuel Tech from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Fuel Tech Price Performance

The firm has a market cap of $68.89 million, a PE ratio of -24.55 and a beta of 1.33. The business has a fifty day moving average price of $1.53 and a two-hundred day moving average price of $1.45.

Fuel Tech (NASDAQ:FTEK) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported ($0.04) EPS for the quarter. Fuel Tech had a negative return on equity of 7.34% and a negative net margin of 11.15%.The business had revenue of $6.08 million for the quarter, compared to analyst estimates of $7.62 million. As a group, sell-side analysts forecast that Fuel Tech, Inc. will post -0.12 EPS for the current fiscal year.

Institutional Trading of Fuel Tech

Several institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Fuel Tech during the fourth quarter worth approximately $27,000. Prelude Capital Management LLC acquired a new position in Fuel Tech in the 3rd quarter valued at approximately $40,000. NewEdge Advisors LLC increased its stake in Fuel Tech by 35,206.0% in the 3rd quarter. NewEdge Advisors LLC now owns 17,653 shares of the industrial products company’s stock valued at $53,000 after buying an additional 17,603 shares during the period. Marshall Wace LLP purchased a new stake in Fuel Tech in the 2nd quarter worth approximately $63,000. Finally, Advisory Services Network LLC lifted its position in Fuel Tech by 44.2% in the 3rd quarter. Advisory Services Network LLC now owns 21,627 shares of the industrial products company’s stock worth $65,000 after buying an additional 6,627 shares in the last quarter. 20.94% of the stock is currently owned by institutional investors and hedge funds.

About Fuel Tech

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.