Fuel Tech (NASDAQ:FTEK) Stock Price Passes Above 200 Day Moving Average of $0.00

Fuel Tech Inc (NASDAQ:FTEK) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $1.07. Fuel Tech shares last traded at $1.05, with a volume of 24,626 shares.

FTEK has been the subject of several research reports. TheStreet lowered Fuel Tech from a “c-” rating to a “d+” rating in a research report on Thursday, July 25th. Zacks Investment Research downgraded Fuel Tech from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Finally, ValuEngine downgraded Fuel Tech from a “buy” rating to a “hold” rating in a report on Monday, July 29th.

The company has a market capitalization of $25.88 million, a price-to-earnings ratio of 107.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.64 and a current ratio of 2.70. The company has a fifty day moving average of $1.24.



Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Grace & White Inc. NY lifted its holdings in shares of Fuel Tech by 4.1% in the 1st quarter. Grace & White Inc. NY now owns 1,486,799 shares of the industrial products company’s stock worth $2,483,000 after purchasing an additional 59,142 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Fuel Tech by 12.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,101,138 shares of the industrial products company’s stock worth $1,542,000 after purchasing an additional 123,892 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Fuel Tech by 13.3% in the 1st quarter. US Bancorp DE now owns 243,476 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 28,616 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Fuel Tech by 1,347.4% in the 2nd quarter. Acadian Asset Management LLC now owns 155,583 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 144,834 shares during the last quarter. 24.23% of the stock is currently owned by institutional investors and hedge funds.

About Fuel Tech (NASDAQ:FTEK)

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It 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 by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; advanced selective catalytic reduction systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; ammonia injection grid and graduated straightening grid systems; and flue gas conditioning systems.

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