Fuel Tech Inc (NASDAQ:FTEK) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 189,900 shares, a drop of 32.9% from the May 30th total of 283,100 shares. Based on an average daily trading volume, of 291,600 shares, the short-interest ratio is presently 0.7 days. Currently, 1.1% of the company’s shares are sold short.
FTEK traded up $0.02 during mid-day trading on Friday, reaching $1.39. The stock had a trading volume of 100 shares, compared to its average volume of 104,593. The company has a market cap of $33.75 million, a PE ratio of 136.00 and a beta of 1.18. The company has a quick ratio of 2.64, a current ratio of 2.70 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $1.47. Fuel Tech has a 52 week low of $0.96 and a 52 week high of $3.06.
An institutional investor recently raised its position in Fuel Tech stock. Grace & White Inc. NY grew its stake in Fuel Tech Inc (NASDAQ:FTEK) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,486,799 shares of the industrial products company’s stock after purchasing an additional 59,142 shares during the quarter. Grace & White Inc. NY owned about 6.15% of Fuel Tech worth $2,483,000 at the end of the most recent reporting period. 24.22% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on the company. Zacks Investment Research upgraded HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. HC Wainwright reiterated a “buy” rating on shares of Zynerba Pharmaceuticals in a research report on Monday, March 18th. Finally, ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.
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. 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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