Somewhat Positive Media Coverage Somewhat Unlikely to Affect Fuel Tech (FTEK) Stock Price
Headlines about Fuel Tech (NASDAQ:FTEK) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fuel Tech earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 44.2505841576576 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Fuel Tech (NASDAQ:FTEK) traded down $0.02 during trading on Friday, hitting $0.94. 97,822 shares of the stock traded hands, compared to its average volume of 55,329. Fuel Tech has a fifty-two week low of $0.70 and a fifty-two week high of $1.47.
Separately, ValuEngine upgraded shares of Fuel Tech from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd.
In other news, Director Dennis L. Zeitler purchased 50,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average price of $1.01 per share, for a total transaction of $50,500.00. Following the completion of the transaction, the director now owns 50,000 shares of the company’s stock, valued at $50,500. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 13.90% of the stock is currently owned by corporate 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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