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

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

Fuel Tech Stock Performance

Shares of NASDAQ:FTEK traded down $0.00 during trading hours on Tuesday, hitting $0.97. 72,355 shares of the company’s stock traded hands, compared to its average volume of 96,399. The company’s fifty day simple moving average is $1.00 and its two-hundred day simple moving average is $1.02. Fuel Tech has a 52 week low of $0.91 and a 52 week high of $1.34. The company has a market cap of $29.78 million, a price-to-earnings ratio of -48.50 and a beta of 4.07.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Fuel Tech in a research report on Sunday. They set a “hold” rating on the stock.

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. 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.