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.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Fuel Tech by 12.5% during the 2nd quarter. Vanguard Group Inc. now owns 497,934 shares of the industrial products company’s stock worth $697,000 after acquiring an additional 55,215 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Fuel Tech by 9.3% during the 2nd quarter. BlackRock Inc. now owns 556,817 shares of the industrial products company’s stock worth $780,000 after acquiring an additional 47,552 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Fuel Tech by 12.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,101,138 shares of the industrial products company’s stock worth $1,542,000 after acquiring an additional 123,892 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Fuel Tech by 1,347.4% during the 2nd quarter. Acadian Asset Management LLC now owns 155,583 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 144,834 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Fuel Tech by 13.3% in the 1st quarter. US Bancorp DE now owns 243,476 shares of the industrial products company’s stock valued at $407,000 after buying an additional 28,616 shares in the last quarter. Hedge funds and other institutional investors own 24.23% of the company’s stock.

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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Earnings History for Fuel Tech (NASDAQ:FTEK)

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