Fuel Tech (NASDAQ:FTEK) Announces Earnings Results, Hits Estimates
Fuel Tech (NASDAQ:FTEK) released its earnings results on Tuesday. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.02), Morningstar.com reports. The firm had revenue of $9.79 million during the quarter, compared to analyst estimates of $12.11 million. Fuel Tech had a positive return on equity of 0.37% and a negative net margin of 2.04%.
NASDAQ:FTEK remained flat at $$0.94 during midday trading on Thursday. The company had a trading volume of 31,297 shares, compared to its average volume of 69,195. The firm has a market capitalization of $25.15 million, a price-to-earnings ratio of 104.00 and a beta of 1.15. The company has a 50-day moving average price of $1.23. Fuel Tech has a 52-week low of $0.92 and a 52-week high of $3.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.64 and a current ratio of 2.70.
A number of research analysts recently issued reports on FTEK shares. HC Wainwright reiterated a “buy” rating and issued a $1.75 target price on shares of Fuel Tech in a report on Thursday. Zacks Investment Research lowered Fuel Tech from a “buy” rating to a “hold” rating in a report on Friday, May 17th. ValuEngine lowered Fuel Tech from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, TheStreet lowered Fuel Tech from a “c-” rating to a “d+” rating in a report on Thursday, July 25th.
About Fuel Tech
Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It 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 by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; advanced selective catalytic reduction systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; ammonia injection grid and graduated straightening grid systems; and flue gas conditioning systems.
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