Fuel Tech (NASDAQ:FTEK) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Fuel Tech (NASDAQ:FTEK) released its earnings results on Tuesday. The industrial products company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03), Zacks reports. The business had revenue of $5.28 million for the quarter, compared to analyst estimates of $5.63 million. Fuel Tech had a negative net margin of 2.29% and a negative return on equity of 1.37%. During the same period in the prior year, the company earned ($0.02) earnings per share.

Fuel Tech Stock Performance

Shares of NASDAQ:FTEK opened at $0.97 on Wednesday. The company has a market cap of $29.78 million, a PE ratio of -48.50 and a beta of 4.07. Fuel Tech has a 52 week low of $0.91 and a 52 week high of $1.34. The firm has a 50 day simple moving average of $1.00 and a 200 day simple moving average of $1.02.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Fuel Tech in a research report on Sunday. They issued a “hold” rating for the company.

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.