StockNews.com assumed coverage on shares of Fuel Tech (NASDAQ:FTEK – Free Report) in a research report released on Sunday. The firm issued a hold rating on the industrial products company’s stock.
Fuel Tech Stock Performance
Shares of Fuel Tech stock opened at $0.99 on Friday. Fuel Tech has a one year low of $0.91 and a one year high of $1.34. The company has a market cap of $30.40 million, a P/E ratio of -49.50 and a beta of 4.07. The firm has a fifty day moving average of $1.00 and a two-hundred day moving average of $1.02.
Institutional Trading of Fuel Tech
Large investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in Fuel Tech in the 4th quarter worth approximately $26,000. XTX Topco Ltd purchased a new position in Fuel Tech in the 4th quarter worth approximately $27,000. Millennium Management LLC boosted its position in Fuel Tech by 70.1% in the 4th quarter. Millennium Management LLC now owns 58,571 shares of the industrial products company’s stock valued at $62,000 after buying an additional 24,129 shares during the last quarter. Peapod Lane Capital LLC acquired a new position in Fuel Tech during the 4th quarter worth $1,027,000. Finally, Renaissance Technologies LLC increased its stake in Fuel Tech by 15.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,039,609 shares of the industrial products company’s stock valued at $1,092,000 after purchasing an additional 138,169 shares during the last quarter. Institutional investors and hedge funds own 20.94% of the company’s stock.
Fuel Tech Company Profile
Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company 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; NOxOUT and HERT selective non-catalytic reduction systems; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems.
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