Fuel Tech (NASDAQ:FTEK) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Fuel Tech (NASDAQ:FTEK) in a research report report published on Wednesday. The firm issued a hold rating on the industrial products company’s stock.

Fuel Tech Stock Down 0.7 %

Fuel Tech stock opened at $0.98 on Wednesday. The business’s 50-day simple moving average is $1.03 and its 200 day simple moving average is $1.02. Fuel Tech has a 12-month low of $0.91 and a 12-month high of $1.34. The stock has a market cap of $30.03 million, a price-to-earnings ratio of -48.90 and a beta of 4.10.

Hedge Funds Weigh In On Fuel Tech

An institutional investor recently bought a new position in Fuel Tech stock. Peapod Lane Capital LLC bought a new stake in Fuel Tech, Inc. (NASDAQ:FTEK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 977,674 shares of the industrial products company’s stock, valued at approximately $1,027,000. Peapod Lane Capital LLC owned approximately 3.18% of Fuel Tech at the end of the most recent quarter. 20.94% of the stock is owned by institutional investors and hedge funds.

About Fuel Tech

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.