Fuel Tech (NASDAQ:FTEK) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Fuel Tech (NASDAQ:FTEK) in a research note issued to investors on Monday morning. The firm issued a hold rating on the industrial products company’s stock.

Fuel Tech Price Performance

Fuel Tech stock opened at $1.03 on Monday. The stock has a 50-day simple moving average of $1.02 and a 200 day simple moving average of $1.06. The stock has a market capitalization of $31.63 million, a price-to-earnings ratio of -51.50 and a beta of 4.13. Fuel Tech has a 12-month low of $0.91 and a 12-month high of $1.34.

Institutional Trading of Fuel Tech

An institutional investor recently raised its position in Fuel Tech stock. Renaissance Technologies LLC raised its position in Fuel Tech, Inc. (NASDAQ:FTEK) by 5.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 874,618 shares of the industrial products company’s stock after buying an additional 44,512 shares during the period. Renaissance Technologies LLC owned about 2.88% of Fuel Tech worth $936,000 as of its most recent filing with the SEC. Institutional investors 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.