Fuel Tech (NASDAQ:FTEK) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Fuel Tech (NASDAQ:FTEK) announced its earnings results on Tuesday. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03), Zacks reports. Fuel Tech had a negative return on equity of 1.37% and a negative net margin of 2.29%.

Fuel Tech Stock Down 0.0 %

FTEK stock traded down $0.00 during trading on Tuesday, hitting $0.97. The company had a trading volume of 72,325 shares, compared to its average volume of 96,395. Fuel Tech has a 1-year low of $0.91 and a 1-year high of $1.34. The firm has a 50-day moving average price of $1.00 and a 200-day moving average price of $1.02. The firm has a market cap of $29.78 million, a PE ratio of -48.50 and a beta of 4.07.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Fuel Tech in a research note on Sunday. They set a “hold” rating for the company.

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.