California Public Employees Retirement System continued to hold its stake in Fuel Tech, Inc. (NASDAQ:FTEK) during the first quarter, Holdings Channel reports. The firm owned 631,820 shares of the industrial products company’s stock at the end of the first quarter. California Public Employees Retirement System’s holdings in Fuel Tech were worth $644,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Grace & White Inc. NY increased its position in shares of Fuel Tech by 9.9% in the first quarter. Grace & White Inc. NY now owns 1,234,690 shares of the industrial products company’s stock worth $1,259,000 after buying an additional 111,519 shares during the last quarter. US Bancorp DE increased its position in shares of Fuel Tech by 65.3% in the first quarter. US Bancorp DE now owns 246,299 shares of the industrial products company’s stock worth $251,000 after buying an additional 97,295 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Fuel Tech by 13.2% in the fourth quarter. Renaissance Technologies LLC now owns 508,404 shares of the industrial products company’s stock worth $585,000 after buying an additional 59,331 shares during the last quarter. 25.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of Fuel Tech, Inc. (NASDAQ FTEK) traded up 3.53% on Friday, reaching $0.88. The company had a trading volume of 13,159 shares. Fuel Tech, Inc. has a 12 month low of $0.75 and a 12 month high of $1.51. The firm’s market capitalization is $21.24 million. The company’s 50-day moving average is $0.85 and its 200 day moving average is $0.95.
Fuel Tech (NASDAQ:FTEK) last announced its quarterly earnings data on Monday, August 14th. The industrial products company reported ($0.05) EPS for the quarter. The firm had revenue of $9.74 million during the quarter. Fuel Tech had a negative return on equity of 22.08% and a negative net margin of 50.07%. Equities analysts forecast that Fuel Tech, Inc. will post ($0.42) earnings per share for the current year.
Fuel Tech Company Profile
Fuel Tech, Inc is a technology company. The Company is engaged in the development, commercialization and application of technologies for air pollution control, process optimization, combustion efficiency and engineering services. It operates through three segments: Air Pollution Control technology, FUEL CHEM technology and Fuel Conversion.
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