Fuel Tech, Inc. (FTEK) Posts Quarterly Earnings Results
Fuel Tech, Inc. (NASDAQ:FTEK) issued its earnings results on Monday. The industrial products company reported ($0.05) EPS for the quarter, Morningstar.com reports. The firm had revenue of $9.74 million during the quarter. Fuel Tech had a negative net margin of 35.70% and a negative return on equity of 23.03%.
Fuel Tech (NASDAQ:FTEK) traded down 2.5862% during trading on Tuesday, reaching $0.8475. The company’s stock had a trading volume of 15,094 shares. The company has a 50-day moving average of $0.84 and a 200 day moving average of $0.96. The firm’s market cap is $20.12 million. Fuel Tech has a one year low of $0.75 and a one year high of $1.51.
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Large investors have recently made changes to their positions in the company. GRT Capital Partners L.L.C. boosted its stake in shares of Fuel Tech by 134.7% in the second quarter. GRT Capital Partners L.L.C. now owns 243,417 shares of the industrial products company’s stock worth $192,000 after buying an additional 139,701 shares during the period. Grace & White Inc. NY boosted its stake in shares of Fuel Tech by 2.6% in the second quarter. Grace & White Inc. NY now owns 1,266,762 shares of the industrial products company’s stock worth $1,001,000 after buying an additional 32,072 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Fuel Tech by 8.0% in the first quarter. Renaissance Technologies LLC now owns 549,200 shares of the industrial products company’s stock worth $560,000 after buying an additional 40,796 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Fuel Tech by 65.3% in the first quarter. US Bancorp DE now owns 246,299 shares of the industrial products company’s stock worth $251,000 after buying an additional 97,295 shares during the period. Institutional investors and hedge funds own 25.15% of the company’s stock.
Fuel Tech Company Profile
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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