StockNews.com Initiates Coverage on Fuel Tech (NASDAQ:FTEK)

Equities research analysts at StockNews.com began coverage on shares of Fuel Tech (NASDAQ:FTEK) in a report released on Thursday. The firm set a “hold” rating on the industrial products company’s stock.

Fuel Tech Price Performance

Shares of FTEK opened at $0.95 on Thursday. Fuel Tech has a one year low of $0.91 and a one year high of $1.34. The company has a market cap of $29.11 million, a P/E ratio of -47.39 and a beta of 4.07. The firm has a 50 day simple moving average of $1.02 and a two-hundred day simple moving average of $1.02.

Institutional Investors Weigh In On Fuel Tech

An institutional investor recently bought a new position in Fuel Tech stock. Peapod Lane Capital LLC acquired a new stake in Fuel Tech, Inc. (NASDAQ:FTEK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 977,674 shares of the industrial products company’s stock, valued at approximately $1,027,000. Peapod Lane Capital LLC owned 3.18% of Fuel Tech at the end of the most recent reporting period. Institutional investors and hedge funds own 20.94% of the company’s stock.

Fuel Tech Company Profile

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company operates through Air Pollution Control Technology and FUEL CHEM Technology segments. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT and HERT selective non-catalytic reduction systems; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems.