Fuel Tech (NASDAQ:FTEK) Issues Earnings Results

by · The Markets Daily

Fuel Tech (NASDAQ:FTEK – Get Free Report) issued its quarterly earnings results on Tuesday. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01), FiscalAI reports. The firm had revenue of $8.68 million during the quarter, compared to analyst estimates of $7.70 million. Fuel Tech had a negative return on equity of 8.88% and a negative net margin of 12.75%.

Fuel Tech Stock Performance

Shares of Fuel Tech stock traded down $0.01 during midday trading on Tuesday, reaching $1.42. 78,977 shares of the company’s stock traded hands, compared to its average volume of 226,690. The company has a market cap of $44.33 million, a price-to-earnings ratio of -12.91 and a beta of 1.24. The company’s 50 day simple moving average is $1.57 and its 200 day simple moving average is $1.48. Fuel Tech has a 52 week low of $1.17 and a 52 week high of $2.61.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen raised Fuel Tech from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fuel Tech in a research report on Friday, September 11th. Finally, Zacks Research upgraded Fuel Tech from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

View Our Latest Stock Report on FTEK

About Fuel Tech

(Get Free Report)

Fuel Tech, Inc is a technology company that develops and commercializes solutions for air pollution control, combustion optimization, and fuel treatment. Its products and services are designed primarily for utility, industrial, and other large combustion facilities seeking to improve operating performance and reduce emissions.

The company’s air pollution control technologies focus on reducing nitrogen oxide emissions from boilers, furnaces, and other combustion equipment. Its offerings include selective and non-selective catalytic reduction systems, related reagent-injection technologies, engineering services, and software and controls used to monitor and optimize emissions-control processes.

Fuel Tech also provides fuel-treatment and combustion-enhancement technologies under its Fuel Chem business.

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