Fuel Tech (NASDAQ:FTEK) Now Covered by StockNews.com

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

Fuel Tech Trading Up 1.0 %

Shares of NASDAQ:FTEK opened at $1.03 on Friday. The company has a 50 day moving average of $1.01 and a 200-day moving average of $1.02. The firm has a market cap of $31.63 million, a P/E ratio of -51.50 and a beta of 4.07. Fuel Tech has a twelve month low of $0.91 and a twelve month high of $1.34.

Institutional Trading of Fuel Tech

Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Fuel Tech in the 4th quarter worth approximately $26,000. XTX Topco Ltd acquired a new stake in shares of Fuel Tech in the 4th quarter worth approximately $27,000. Millennium Management LLC lifted its stake in shares of Fuel Tech by 70.1% in the 4th quarter. Millennium Management LLC now owns 58,571 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 24,129 shares during the period. Peapod Lane Capital LLC acquired a new stake in shares of Fuel Tech in the 4th quarter worth approximately $1,027,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Fuel Tech by 15.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,039,609 shares of the industrial products company’s stock worth $1,092,000 after acquiring an additional 138,169 shares during the period. 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.