Fuel Tech (NASDAQ:FTEK) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

Fuel Tech, Inc. (NASDAQ:FTEK) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $1.48 and traded as high as $1.87. Fuel Tech shares last traded at $1.77, with a volume of 93,802 shares traded.

Wall Street Analysts Forecast Growth

FTEK has been the subject of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Fuel Tech in a report on Friday, September 11th. Wall Street Zen upgraded Fuel Tech from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Zacks Research cut Fuel Tech from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Fuel Tech has an average rating of “Sell”.

Fuel Tech Price Performance

The company has a market capitalization of $53.54 million, a price-to-earnings ratio of -15.59 and a beta of 1.30. The stock has a 50 day simple moving average of $1.52 and a two-hundred day simple moving average of $1.49.

Fuel Tech (NASDAQ:FTEK) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Fuel Tech had a negative net margin of 12.75% and a negative return on equity of 8.88%. The business had revenue of $6.49 million during the quarter, compared to analysts’ expectations of $6.58 million. Equities research analysts predict that Fuel Tech, Inc. will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Group One Trading LLC purchased a new position in shares of Fuel Tech in the 2nd quarter valued at $31,000. Marquette Asset Management LLC acquired a new position in Fuel Tech in the second quarter valued at $244,000. GSA Capital Partners LLP acquired a new position in Fuel Tech in the second quarter valued at $652,000. BlackRock Inc. purchased a new position in shares of Fuel Tech during the second quarter worth about $1,097,000. Finally, Renaissance Technologies LLC increased its position in shares of Fuel Tech by 22.6% during the first 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 in the last quarter. Institutional investors and hedge funds own 20.94% of the company’s stock.

Fuel Tech Company Profile

Fuel Tech, Inc (NASDAQ:FTEK) develops and commercializes technologies designed to improve industrial combustion processes and reduce air pollution. Its solutions are used primarily by utility, industrial, refining, cement, steel, and waste-to-energy facilities.

The company’s Air Pollution Control technologies address nitrogen oxide (NOx) emissions from combustion sources. Its offerings include selective non-catalytic reduction and related systems, including the NOxOUT and HERT technologies, which are designed to help customers meet environmental regulations while maintaining operating efficiency.

Fuel Tech also provides fuel-treatment and combustion-optimization products through its FUEL CHEM business.