Shares of Fuel Tech Inc (NASDAQ:FTEK) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $1.75 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Fuel Tech an industry rank of 152 out of 256 based on the ratings given to its competitors.
A number of research firms recently weighed in on FTEK. HC Wainwright reaffirmed a “buy” rating and set a $1.75 price target on shares of Fuel Tech in a research note on Thursday, August 15th. ValuEngine lowered Fuel Tech from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Zacks Investment Research downgraded Fuel Tech from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Finally, TheStreet downgraded Fuel Tech from a “c-” rating to a “d+” rating in a research report on Thursday, July 25th.
Shares of NASDAQ FTEK remained flat at $$0.87 during midday trading on Wednesday. The stock had a trading volume of 71,475 shares, compared to its average volume of 189,883. The company has a market capitalization of $20.93 million, a price-to-earnings ratio of 14.84 and a beta of 1.15. The business has a 50 day moving average of $1.16 and a 200 day moving average of $1.58. 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 one year low of $0.81 and a one year high of $3.06.
Fuel Tech (NASDAQ:FTEK) last issued its quarterly earnings results on Tuesday, August 13th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). The company had revenue of $9.79 million for the quarter, compared to analyst estimates of $12.11 million. Fuel Tech had a positive return on equity of 4.35% and a negative net margin of 0.57%. As a group, equities analysts forecast that Fuel Tech will post -0.12 EPS for the current fiscal year.
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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