Fuel Tech (NASDAQ:FTEK) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Fuel Tech, Inc. (NASDAQ:FTEK) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.46 and traded as high as $1.55. Fuel Tech shares last traded at $1.53, with a volume of 31,542 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FTEK shares. Wall Street Zen downgraded shares of Fuel Tech from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Fuel Tech from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. Finally, Zacks Research raised shares of Fuel Tech from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Fuel Tech Trading Up 3.4%

The firm has a 50-day simple moving average of $1.60 and a two-hundred day simple moving average of $1.46. The company has a market capitalization of $47.69 million, a price-to-earnings ratio of -17.00 and a beta of 1.24.

Fuel Tech (NASDAQ:FTEK) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $7.62 million. Fuel Tech had a negative net margin of 11.15% and a negative return on equity of 7.34%. Equities research analysts anticipate that Fuel Tech, Inc. will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Grace & White Inc. NY lifted its holdings in Fuel Tech by 3.7% in the first 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 during the period. Renaissance Technologies LLC grew its stake in shares of Fuel Tech by 22.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,407,806 shares of the industrial products company’s stock worth $1,718,000 after purchasing an additional 259,811 shares during the period. Vanguard Group Inc. increased its holdings in shares of Fuel Tech by 7.7% during 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 purchasing an additional 72,895 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Fuel Tech by 3.6% during the 2nd quarter. Geode Capital Management LLC now owns 517,658 shares of the industrial products company’s stock valued at $1,305,000 after purchasing an additional 17,766 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of Fuel Tech by 218.3% during the 4th 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. 20.94% of the stock is currently owned by hedge funds and other institutional investors.

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.