Fuel Tech (FTEK) Receives Daily Media Sentiment Rating of 0.05
Media stories about Fuel Tech (NASDAQ:FTEK) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fuel Tech earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 43.3906780116496 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Fuel Tech (NASDAQ FTEK) opened at 0.99 on Wednesday. The company’s market capitalization is $23.89 million. The stock’s 50 day moving average is $0.87 and its 200 day moving average is $0.90. Fuel Tech has a 1-year low of $0.70 and a 1-year high of $1.51.
Fuel Tech (NASDAQ:FTEK) last announced its quarterly earnings results on Monday, August 14th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $9.74 million for the quarter. Fuel Tech had a negative net margin of 50.07% and a negative return on equity of 22.08%. On average, equities research analysts anticipate that Fuel Tech will post ($0.42) EPS for the current fiscal year.
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In related news, insider David S. Collins sold 79,998 shares of Fuel Tech stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $0.79, for a total transaction of $63,198.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vincent J. Arnone purchased 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $0.92 per share, for a total transaction of $29,440.00. Following the completion of the acquisition, the chief executive officer now directly owns 304,740 shares in the company, valued at approximately $280,360.80. The disclosure for this purchase can be found here. Insiders have purchased a total of 70,000 shares of company stock worth $64,460 over the last ninety days. 13.90% of the stock is currently owned by insiders.
About Fuel Tech
Fuel Tech, Inc is a technology company. The Company is engaged in the development, commercialization and application of technologies for air pollution control, process optimization, combustion efficiency and engineering services. It operates through three segments: Air Pollution Control technology, FUEL CHEM technology and Fuel Conversion.
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