Shares of Fuel Tech Inc (FTEK) are moving up considerably following a sell-off over the preceding four trading days. What’s so impressive about this bounce is that shares are now trading at over $3, a price which has not been achieved by the company since April of this year. It will be interesting to see if this uptrend continues or the stock gives a little back over the rest of the trading day.The stock is down 0.94% or $0.02 hitting $2.1, despite the positive news. FTEK has declined 25.61% since April 24, 2015 and is downtrending. It has underperformed by 24.49% the S&P500.
The institutional sentiment increased to 0.84 in Q2 2015. Its up 0.14, from 0.7 in 2015Q1. The ratio is positive, as 8 funds sold all Fuel Tech Inc shares owned while 11 reduced positions. 4 funds bought stakes while 12 increased positions. They now own 5.21 million shares or 3.66% less from 5.41 million shares in 2015Q1.
Grace & White Inc Ny holds 0.34% of its portfolio in Fuel Tech Inc for 749,608 shares. Prescott Group Capital Management L.L.C. owns 459,535 shares or 0.2% of their US portfolio. Moreover, Perritt Capital Management Inc has 0.07% invested in the company for 177,795 shares. The Nebraska-based Elkhorn Partners Limited Partnership has invested 0.06% in the stock. Grt Capital Partners L.L.C., a Massachusetts-based fund reported 101,500 shares.
Fuel Tech, Inc. is a technology company. The company has a market cap of $48.65 million. The Firm is engaged in the development, commercialization and application of technologies for air pollution control, process optimization, combustion and engineering services. It currently has negative earnings. The Firm operates as an integrated firm with a capital projects business to leverage its Air Pollution Control technologies and a specialty chemicals business which manufactures upon its FUEL CHEM processes.