Fuel Tech (NASDAQ:FTEK) Posts Earnings Results, Meets Expectations

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

Fuel Tech Stock Performance

Shares of NASDAQ:FTEK traded up $0.04 on Wednesday, hitting $1.47. The company’s stock had a trading volume of 80,522 shares, compared to its average volume of 225,952. The company has a market capitalization of $45.74 million, a price-to-earnings ratio of -13.34 and a beta of 1.24. Fuel Tech has a 12 month low of $1.17 and a 12 month high of $2.40. The stock’s 50-day moving average is $1.57 and its two-hundred day moving average is $1.48.

Analysts Set New Price Targets

A number of brokerages have weighed in on FTEK. Zacks Research raised shares of Fuel Tech from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen raised shares of Fuel Tech from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fuel Tech in a research note on Friday, September 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Fuel Tech Company Profile

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.