Fuel Tech (NASDAQ:FTEK) Downgraded by Zacks Investment Research to Hold

Fuel Tech stock has undergone multiple analysts rating changes in the recent past.  Fuel Tech Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Strong-Buy.

Shares of Fuel Tech traded up $0.06 on Tuesday, reaching $1.76. 200 shares of the stock traded hands, compared to its average volume of 433484. Shares of Fuel Tech were trading at $1.76 on Tuesday. The firm’s 50 day moving average is $1.81 and its 200 day moving average is $2.83.Fuel Tech has a 12 month low of $1.70 and a 12 month high of $7.04. While on yearly highs and lows, Fuel Tech’s today has traded high as $1.76 and has touched $1.70 on the downward trend. See More Analyst Rating at: RATING

Fuel Tech Earnings and What to expect: 

Fuel Tech last announced its quarterly earnings data on August 10th, 2021. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. The firm earned $5.22 million during the quarter, compared to analysts’ expectations of $4.73 million. Fuel Tech has generated ($0.17) earnings per share over the last year. Fuel Tech has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, November 9th, 2021 based off prior year’s report dates.

The P/E ratio of Fuel Tech is -10.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Fuel Tech is -10.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Fuel Tech has a P/B Ratio of 1.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Fuel Tech (NASDAQ:FTEK) Moving Average Technical Analysis

5 day Moving Average is $1.71 And 5 day price change is $0.07 (4.14%)  with average volume for 5 day average is 364,800. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $1.74 and 20 day price change is unch (unch) and average 20 day moving volume is 483,740. 50 day moving average is $1.81  and 50 day price change is -$0.24 ( -12.00%)  and with average volume for 50 days is : 405,298. 200 day moving average is $2.83  and 200 day price change is -$3.05 (-63.41%)  and with average volume for 200 days is : 1,105,832.

Other owners latest trading in Fuel Tech :

  • On 8/25/2021 shares held by Marshall Wace LLP were 119,861 which equates to market value of $0.28M and appx 0.00% owners of Fuel Tech
  • On 8/17/2021 shares held by Bridgeway Capital Management LLC were 130,000 which equates to market value of $0.31M and appx 0.00% owners of Fuel Tech
  • On 8/16/2021 shares held by State Street Corp were 96,846 which equates to market value of $0.23M and appx 0.00% owners of Fuel Tech
  • In total Institutional ownership equates to Institutional Ownership Percentage: 21.52% for Fuel Tech

See More Analyst Rating at: RATING