Fuel Tech (NASDAQ:FTEK) announced its quarterly earnings results on Wednesday. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02), Fidelity Earnings reports. The firm had revenue of $6.45 million during the quarter, compared to analysts’ expectations of $10.22 million. Fuel Tech had a negative net margin of 6.20% and a negative return on equity of 2.15%.
Fuel Tech stock traded up $0.01 during mid-day trading on Friday, reaching $0.95. 127,500 shares of the company were exchanged, compared to its average volume of 46,196. The business has a fifty day moving average of $0.99 and a 200 day moving average of $1.28. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03. Fuel Tech has a 12-month low of $0.80 and a 12-month high of $3.06.
FTEK has been the subject of a number of research reports. ValuEngine upgraded Fuel Tech from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Zacks Investment Research upgraded Fuel Tech from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. TheStreet lowered Fuel Tech from a “c-” rating to a “d+” rating in a report on Thursday, July 25th. Finally, HC Wainwright reiterated a “buy” rating and issued a $1.75 price target on shares of Fuel Tech in a report on Thursday, August 15th.
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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